4 Hrs: Now higher high and may be a penetration. Still no sell signal, but Slow is pointing down and DMI lines started to converge a bit. Key support is up to 2052 now. For now a minor drop to 2052-2055 is possible, but a real correction, a countertrend can accelerate only with a break below the Key support.
The big question is how the equity mkts will digest recent comment from ECB sources saying they prefer additional time to assess current measures and "only option left if new measures needed", which means the delivery of more drogs to the addict mkts is not assured or at least will happen later. As I am writing this post, US datas came out weaker than expected too. I don't know how much it will influence SP500 today as getting closer to US holiday liquidity is likely to stay low, but I think slowly we will see further deterioration of this extreme price action.
Get ready for profit taking and short selling!
p.s.: I do some top hunting here, sold 0,5 trade unit outright.