Financials in Europe have struggled big time in the past year! Are they about to send a bullish message to stocks in Europe and the States? Let’s investigate.
The rallies over the past 8-weeks have each testing the top of these falling channels at each (2).
If EUFN and DB would breakout at (2), they would send a positive message to stocks in Europe and the States. The results of what each does at (2), should send important short-term to intermediate messages about how much further the 8-week rally could go or is it about to run out of steam!