David Fuller's view Euro STOXX Bank Index (weekly & daily) has reaffirmed its recent reversal near the 2009 low with a big upward dynamic today. A close beneath 100 remains necessary to question continued scope for sideways to higher trading.

Euro STOXX 50 Index (weekly & daily) surged higher today to test lateral trading near 2500. A close beneath 2320, the mid-point of the recent and brief consolidation, is now required to question current scope for a further test of overhead trading in coming weeks.

Germany's DAX Index (weekly & daily) also surged higher today, completing this month's brief consolidation. A close beneath the mid-point danger line (MDL) of that pattern, near 5900, would be needed to question a test of overhead trading commencing at 6500 over the medium term.

USA's Nasdaq 100 Index (weekly & daily) remains a global leader and is currently testing the year's highs. A close beneath 2300 would now be required to indicate more than temporary resistance near these highs.

Canada's TSX Composite Index (weekly & daily) found support in the region of 11,000 once again and held most of this month's initial gains during a brief consolidation. A close beneath 11,920 would now be required to question current scope for sideways to higher ranging.

Brazil's IBOV Index (weekly & daily) has rebounded to test the lower side of its large top area. The strength of these gains provides further evidence that a floor was established near the 50,000 level. Downside risk now appears limited to some additional base formation extension before overhead trading is challenged.

US 30-year T-Bonds (weekly & daily) saw no follow through after Tuesday's upside key day reversal and a downward break occurred today. Consequently, this pattern looks increasingly like a top formation. While there is some support near 135, a close above 140 is now necessary to indicate a higher phase of top extension before lower levels are seen.

The US Dollar Index (weekly & daily) has slumped back into this year's earlier trough. While this pattern should cushion downward risk somewhat, an upward dynamic is required to reaffirm more than temporary demand in this region.