Near Term Trend: Positive
Fridays Close: 3614 (+ 36)
UPDATE: For the most part, Global Equities have remained solid, and Europe has continued to impress and clearly outperform the U.S.
In our last report, we highlighted the Bull Flag formation, and true to that pattern, the STOXX 50 added an extension in price to the upside, breaking above the Bull Flag.
Its totally overbought at this juncture, a correction could be coming within the next seven trading sessions.