DAX & Euro Stoxx have the most abysmal chart patterns with ORL’s.
SAP…needs to hold 74.15 on a closing basis to help out Europe. As of now it’s showing a 6 day Island top. A 75.47 print is needed over the next couple of sessions to negate the pattern
GS isn’t faring much better with names like Northern Trust giving up early gains off the raising rate environment.
CAT… has a potential topping pattern.
Energy names have been thrashed with the broader Indices
DIG…needs to hold mvg avg support @ 56.20 and see price action above 57.70 tomorrow for the uptrend to remain intact. This is also attempting an ORL day.
We’ve seen these patterns over the past few months in many instruments only to reverse the next day.
The only observation I have is that I’m surprised the VIX didn’t rally more.