Eoin Treacy's view Commonality has played a big part in the decline posted across stock and currencies markets. It is likely to play an equally important role in a recovery scenario. The Chart Library's 18000 instruments should make identifying relative strength more accessible.

Platinum - losing momentum somewhat as it approaches the $1400 level which offered support in the 2010. A clear upward dynamic would be required to confirm support in this area.

Nasdaq-100 - retested the early August lows yesterday and bounced impressively. It is following through with another positive performance today; increasingly the likelihood of an additional rally towards the upper side of the two-month range.

FTSE-100 - continues to range in the region of 5000 which also offered support in 2010. The Index is currently rallying from the lower side and a clear downward dynamic would be required to question current scope for a further unwind of the oversold condition relative to the 200-day MA.

DAX - has lost downward momentum and continues to firm mostly above 5000. A sustained move below that level would be required to question current scope for a further unwinding of the oversold condition relative to the 200-day MA.