The stock index markets are becoming quite interesting from a classical charting perspective.
The DJ Euro Stoxx chart displays a possible continuation symmetrical triangle pattern. This triangle is arguably serving as a retest of a H&S top. I say "arguably" because a H&S top ideally should reverse a previous advancing trend. As seen on the weekly graph, it is hard to argue that the advance from the 2009 and 2011 lows is hardly the type of bull trend that normally precedes a major top pattern.
Factor Update – May 22, 2016
/by Peter BrandtMisc Stock Index Markets
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/by Peter BrandtFactor Update, May 1st
/by Peter Brandt