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Europe and the U.S. may be miles apart, yet these patterns of the EAFE & 500 index look very much the same! Potential neckline breakout of an “inverse Bullish Head & Shoulders” pattern could be at hand!
How these two handle line (1) over the next week or so (is this a fakeout or a breakout) should send us a clue to what the broad market will do over the next 100 days.
Game Plan… Be an owner of the broad market (RSP) with a stop just below the breakout of earlier highs (see post here)