Eunice Bakr
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Eunice Bakr in Eunice Bakr,

Have we finally got a reason for correction?..

This guy just reads my mind:

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.

With all eyes on Argentina's debt default, 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 and 2007.

Chris Kimble,

http://www.investing.com/analysis/if-europe-goes,-what-happens-to-the-u.s.-221258