Three popular stock indexes in Europe are giving multi-year rising
support a heck of a test of late. Each index may have created a rising
wedge, which two-thirds of the time suggests lower prices are ahead.
Argentina, with its potential default of debt, seems to be in the
news this morning. In my humble opinion, what Europe does from here is
VERY important!
IF ... If Europe is reaching a "tipping point", this price action
very well could ripple into the S&P 500. Europe exhibited similar
behavior in 2000 & 2007. Stay tuned!
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