DT. Wedge bust. LH on the hourly swing chart. Hourly DMI sell  signal (not shown)

http://www.safehaven.com/article/26365/audit-the-fed-moves-forward

charts from Ron Walker       thechartpatterntrader.com

BLT  (BHP)  needs to hold support in the16-17 range

ANTO

Miners (not talking gold miners) don't look positive,which could weigh on FTSE

XLF

Last week was a bullish engulfing candle but the rally looks corrective to me,with multiple "kisses" of the broken trendline

This article is as interesting for the comments as for the article itself. Jim O'Neill works for Goldman Sachs  so how objective is he,as reasonable as his argument sounds,in proposing Germany takes on more debt to solve a problem of too much debt ? Bring on Nigel Farage !

http://www.telegraph.co.uk/finance/financialcrisis/9434445/Germany-must-decide-if-it-really-wants-to-save-the-euro.html

I re-labelled the "3 drives" pattern so that point 2 is now a point 1.Seems clear to me that Friday was either a kickoff move or an exhaustion so 2 closes above the Friday's high or below Friday's low should be a good signal

Bollinger line was pierced on some markets

http://www.elliottwavetechnology.com/2012/07/the-more-we-learn-more-we-dont-know.html

TLT

some are calling a top in bonds and we got a nice bearish engulfing candle on the weekly.However this could be just a pullback to the strongly rising 50 dma and I wouldn't rush to call top on this yet.If it is a top it was 4 months off the low in March but 6 months would give a top in September.At least wait for a clean break of he 50 dma to be on the safe side

Beans

AAPL

Dax

well right after I posted the hourly chart by Ron the market spiked higher and took out a lot of stops ! Am a bit dismayed that we took out the high on our Gann cycle date on July 5th.

Sqwii has been nailing this market recently and I think his post is well worth a look .I am thinking along the same lines.We declined 44 td on the first leg and Friday was 82 so worth keeping an eye on the 89-90 td count from the high

http://sqwiitrader.com/market-view-for-30th-july-2012-markets-about-to-fall-off-a-cliff-next/

Ripe ?       (chart by Ron Walker)

whoops...mistake on the labelling,top 90 deg cycle is a 360

Ftse250 pitchfork chart.I had to redraw the red pitchfork

Ftse

Backtest day,courtesy of Draghi ?

Now we just need a signal to get short,such as ema cross or reversal candle.remember our Gann cycles called a likely important high early in the month

This chart is from the BCM letter,Stockcharts Public list.An ineresting way to look at the BPI indicator

chart by Edward Hunt (Stockcharts public list)

SPX Monthly Gann angles

The declining 20x1 seems to be control for the time being

Ndx

Ndx and Rut have clear trendline breaks and seem to be leading.Trans also

Hugh Hendry article

http://www.cnbc.com/id/48218372

A break of the parallel trendline would be a significant signal

FTSE Future

Spy Cycles chart

Looks like we have our secondary turn,360 degrees from the lower top last July,came in a day or two early ?

Beans

an update of the Gann resistance levels and channel on beans after a second weak day

Dow backtest chart

More from Jeff Cooper

http://www.minyanville.com/mvpremium/2012/07/24/dueling-banjos-on-a-hindenburgh/

Sq of 144 SPY

OK so we tested the high from our cycle day and broke back below the 1x1.Key level seems to have been 137.25. This is 5/8 line in the final eigth  of the square (126-144)

Equilibrium is normally 3/8 to 5/8 lines (or for fibonacci types a market likes to find equilibrium between 38.2% and 61.8% retracements) .So,taking 126 to 144 which is 7/8 to 8/8 of 144 we can say that a break out of the 132.75 and 137.25 levels should be the key to the next trend move.

AAPL

Who knows whether AAPL beats estimates or not tonight,I wouldn't like to gamble either way but the chart looks vulnerable here.I put some Murrey math levels on and 625 looks pretty key.Broke the 13 dma,macd crossover to bearish
Nov low to July high 8 months  (Gann 240)
April high to July high 3 months (Gann 90)

here is same chart with a shorter ema and with macd histos showing triple divergence.

Perched on the ledge

The next few days should be critical.We had clear sell signals in Germany and UK yesterday and the US looks to be on life support.

Market internals are weakening.Thanks to Scottick (a poster on Daneric's blog) for these awesome charts.BPI is a particularly good indicator

Beans reversal on cycle date

I posted on beans at the weekend showing channel resistance,Gann % resistance and a 7 day,7 week,7 month cycle cluster.We got a bearish engulfing candle today which suggests more downside.This is a weather market so very dangerous but anyone who shorted today can use the high as a stop level

clear breakdown.Speedline (arrows) suggests 5000-5100 is possible  ?

Ftse250

Today's candle did a lot of damage .It looks as if we have attempted to regain the neckline and failed.The 8x1 from the high should now act as resistance

http://inter-market-analysis.com/profiles/blogs/what-does-it-take-to-master-the-markets

HL

Gap fill and reverse ?

Darkest Knight cable chart

chart from Breakpoint Trades

GDow

This is a chart by Peterman

OJ has just broken down from a bear flag and looks to be headed lower