Between SPX and DAX keeps building. DAX has held last week Wednesday low and since then keeps doing retracement by 0.886 with series of higher lows. Ie. ZigZags corrective upside bounce are on the roll. SPX or US is very alone to make series of new lower lows.
Yesterday I think shortside did cover work where SPX hit 1259 and it might leave as low for now.
The oil and oil stocks, not alone those 2 attatched below however has made very serious roll-over and for me they are bearish with daily charts. ROSE, SGY, KOG, TESO, WTI, SFY. They did recover some of their losses during final hours but I am starting to look B wave for them to short them again.
Overall, zigzag market anyway, 0.886 is also related for corrective movements.
