One of the few positives in this market has been the continued strength of the International markets. However, last night I noticed an ugly rising wedge pattern in the DAX which could foretell a coming decline in that leading market.
The European I-shares have already fallen out of a similar pattern.
EEM is not looking good either….
http://stockcharts.com/def/servlet/SC.web?c=eem,uu%5Be,a%5Ddacayyay%5Bdc%5D%5Bpb50!b200!i!d20,2%5D%5Bvc60%5D%5BiUs12,26,9!Lj%5Bspy%5D!Li20,1!Li55,1%5D&pref=G
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