2017-08-30 DAX (Germany) and CAC 40 (France) with failed breakouts (from KimbleChartingSolutions.com)

Here's an interesting chart from KimbleChartingSolutions.com. He thinks that the current weakness in the European markets could have a Domino effect on the markets in the US. I agree, at the momentary situation of the US Markets this could be the straw to tip the scale ...