Taking a look at the monthly SPX500, DOWI, HSI, DAX, NKY and FTSE100, the following can be seen: 1. On all charts MACD has crossed 2. 4 out of 6 show bearish divergence SPX, DOWI, FTSE100 and NKY 3. On 4 out of 6 PA is taking place below the long term uptrend line SPX, DOWI, HSI, FTSE100, 2 haven't broken the trend line yet (DAX, NKY) 4. 5 out of 6 have retraced to the first FiBo level 23.6%, HSI retraced close to 50%, SPX still hasn't touched 23.6% retracement