19 August 2016 at 8:23 GMT
Equities - have we put in an interim top ........Our signals have highlighted daily shooting stars at this week's European highs, the one for Eurostoxx occuring at the 200 day average rate. The S&P has formed a daily Island reversal, but looking wider there may also be a larger island forming (initial gap up between Aug 4th and 5th). This could be confirned if we get a daily bearish gap open at some point next week. These signals are potentially suggesting a top is in place, but while we suggest shorts, the pullback is likely to be a temporary correction only.