Eoin Treacy's view US Treasuries – continue to bounce having found at least short-term support in the region of the underlying trading range and the 200-day MA. If the medium-term bullish outlook is to be sustained, it will need to hold above 145.

Case Shiller 10 Index – following a steep decline from the 2006 peak, prices have been ranging between 145 and 160 since 2009. The market has type-3 base formation characteristics and a sustained move below 145 would be required to question that hypothesis.

Bombay Banks Index – the sector has been a bellwether for the India market over the last decade. It pulled back to test the region of the 200-day MA today and will need to hold in this area and subsequently sustain a move above the July peak near 12,350 to confirm a return to medium-term demand dominance.