As stated yesterday, the close was indeed strong. No matter how much lipstick you put on a pig, it is still a pig at the end of the day. The same goes for the chart below, it is still ugly.
SPX 4h chart
Pattern wise, that should break down (target ~1260). On the upside, look for targets 1330 and ~1345. The daily volatility is rising and that is not bullish.
Below 1d DAX chart but I have no time to comment it right now.
DAX 1d chart
