DJ Euro Stoxx 50

Nothing has changed to change the larger view on Europe. The Eurozone represented by the DJ Euro Stoxx 50 index shows That wave C of 2 maybe over just below the 61.8% retracement mark. Waiting for a clear sign of wave 3 down to start. The entire move up since 2009 ended in 3 waves at the upper end of the long term channel. The bounce back this year in that sense is only a counter trend move till proven otherwise.