France, CAC, monthly, 20yr historic
We have a March spiky top, and a failure to hold over the 10MA, and we are -7% so far this month. The next primary target would be 2750, some 12% lower. A break/failure to hold 2700, and the door is open to a summer collapse wave all the way down to 2000 - some 37% lower from present levels.
Spain, IBEX, monthly, 20yr historic
*the spike on the latest IBEX index monthly candle is a stockcharts error.
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Spanish IBEX lost another 200pts today...that leaves just another 1800 pts to go until the next major level of 5000.