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Germany - broke out of the six-week range yesterday but pulled back today fulfilling the key day reversal characteristic. .However, this was not a particularly dynamic move and follow through tomorrow would be needed to confirm at least short-term supply dominance in this area. The Index remains somewhat overextended relative to the 200-day MA and a sustained move below that trend mean would be required to question medium-term upside potential.

Sweden - also fulfilled the key day reversal characteristic but in a much more dynamic fashion. This reaction has so far been limited to a fairly similar pullback to those seen in the course of the medium-term uptrend and a sustained move below 1100 would be required to trigger an MDL stop.

Taiwan - breaks upwards to new recovery highs and a countermanding downward dynamic would be required to check current scope for additional upside.