DJ Euro Stoxx 50

Europe is where the weakest link is, and European stocks were the worst hit yesterday. The DJ Euro Stoxx index started a minor wave iii decline as the DAX broke the previous swing low. So they are leading the way. I suspect another 3-4 % dip in Europe to the lower end of the rising channel as wave C up is complete. Logically this should be resumption of the bear market in Europe, with Italy at the lead with a wave 3 decline starrting.