North American and European Indices

US 30 has slumped back from 17,600 toward 17,570 with next support possible near 17,500 in what appears to be a normal trading correction of an overbought RSI which otherwise confirms the underlying uptrend.

US NDAQ 100 is steady near 4,630 as it continues to level off in the 4,600 to 4,650 area for a pause below its July high near 4,685 to work off an overbought RSI.

US SPX 500 is trading within Friday’s range for a second day in a row trading between 2,060 and 2,085 as it digests last week’s big rally that pushed the RSI up into overbought territory.

Germany 30 has dropped back from 10,810 toward 10,730 with support in place near 10,660 as it consolidates recent gains after running into Fibonacci cluster resistance near 10,855.

UK 100 has slipped back under 6,400 toward 6,385 but remains in an uptrend above 6,310. RSI holding 50 suggests it appears so far to be a normal rest stop within an ongoing uptrend.

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