Stoxx 600 Futures: Megaphone pattern at major resistance
I keep hearing how Europe is a better investment relative to the US but a quick look at the FY1! chart fails to convince me so. The price action is hitting a major resistance marked by market tops in 2007 and 2015, price action is forming a bearish expanding megaphone pattern with MACD divergence. The bear in me is growling to get out.
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