Not pretty charts for the bullish crowd post the US retails sales stats.
Equity index futures all down.
Risk premium all sharply higher.
US futures are all reversing, NASDAQ is now below the 200-day average. 7k is huge.
SPX 500 futures are showing a similar pattern to past local highs, attempt above the 200 day and then a sell off.
Eurostoxx 50 reverses big right on the trend line, currently trading well below the huge 3200 level.
Earlier today we wrote about the imploding DAX. Things have since then gone worse. The DAX has reversed some 1.5% from day highs and is not looking pretty. So far, a perfect reversal on the 100 day and the negative trend.
Looks like more Achtung ahead!
Source, charts by Bloomberg
