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After the initial break out in Russell, there is no follow through, hence it was kept below the key moving averages showing that the sellers are still in control.
On the other hand, the NQ has made a bearish rectangle consolidation range below 7560 after a rejection from that level.
It is inevitable for NQ to break lower to fill in the thinly traded area from 7500 to 7450.
The support at 12100 in DAX has been broken decisively during yesterday's NY session.
Below 12100 there is very little structure to support the price and the natural target is the yearly low 11700.
However, it is natural for DAX to reverse course to squeeze the shorts every time when the position is so one sided on the short side.
The market maker pressed NQ to 55, but the longs were still defending.
Then there is another thrust of 6 points below 55, the weak longs' stops were reaped in spades.
Euro is breaking down from 3 weeks long head and shoulder's pattern. At this moment, the momentum in Both H1 and H4 are negative. Hence the most sensible thing to do this week is to look for short entries on its way up.
The Pound chart is a mess, but the path of least resistance is to the down side following the steps of Euro