Last night’s lows in the Indices will be the hold levels.

Nasd/Bonds have to hold right here.

DAX/BUND had pattern follow through to the downside sustaining below its 50 DMA.

This needs to be monitored vis’ a vis’ the U.S. opening to see if this was weakness into the low end of a 2 month consolidation pattern or will it turn into a retest of the April breakaway gap.

Bulls need today to be a mid-week low.