David Fuller's view Chile (IGPA) - was among the first stock markets to clear its 2007-2008 highs. It showed relative strength during the recent correction and has broken decisively to new all-time highs. A close beneath 18,000 would now be required to question higher scope and to suggest possible top formation development.

Germany (DAX) - has steadied above its rising 200-day MA and closed slightly over the high of its downside key day reversal on 4th June. Further gains would confirm a break in the progression of lower rally highs and a close beneath 5800 is now required to offset current scope for sideways to higher ranging and to check the new progression of higher reaction lows which indicate that demand is returning.

India (SENSEX) - has now regained over half of its April to May correction, moving back above the MA in the process. While the Index has been rangebound for the last eight months, the lows are still rising, as are the highs. A close beneath 16,000 is now required to turn this range from a potential continuation pattern into a probable top formation.

US Dollar Index (DXY) - has seen an upside failure and fall beyond the mid-point danger line (MDL) of the previous trading range over the last five days, indicating possible top formation development in the region of its 2008-2009 peaks. A sustained move to new highs for the year would be required to offset this possibility.

USD/NOK - had formed at least a short-term top following its sharp retracement of gains over the last five days. However previous support near NK6.4 checked the decline today and some further ranging may now occur over the near term A move to new highs for the year is required to reaffirm the uptrend.