CLICK ON CHART TO ENLARGE
Are European banks in trouble? If so, could weakness in the European financial sector spill over into stock markets around the world?
European Financial ETF EUFN has formed a bearish rising wedge over the past few months and a few days ago broke below support in the chart above.
Could this put downward pressure on risk assets and push up metals? Yesterday I shared this “could put a big smile on Gold bugs faces!” So far today, this spread is skyrocketing!
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