Equity markets spooked by currency moves

Recent moves may be exaggerated by the lack of liquidity as a result of northern summer holidays but the results have seen major technical damage to equity markets, as major long-term trend lines have been broken. The question is not whether the market can bounce from here, and whether it would be a surprise if it couldn’t, but is it the beginning of a trend change, as rallies are simply met by sellers? (VIEW LINK)