It is like an endless battle isn't it? Just think about how many times have we seen EU indices trying to break the so called summer ranges…Everything was getting rosier with positive momentum really starting to build up but boom – the cautious tone from the Fed last night was just enough to kill it all. We saw the US mega caps underperform overnight with Google the only one (or first for now?) to break its support level. ES1 (-1.7%) and NQ1 (-2.6%) both trading down all morning so keep an eye on its peers – Microsoft support at $200, Amazon at $2888, Apple at $100 and Facebook at $250.
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