STOXX600 update

stoxx600 july 7 2014 bstoxx600 july 7 2014s

Another potential c wave that is near completion. It has all the necessary attributes of a wedge, so perhaps it is one! Similar wedges are found in the IBEX and the banks within it of which we show only SAN, Santander below;

san july 7 2014

It is particularly interesting in that it has a perfect 2.618x advance from the low (where we recommended buying it!). This one probable already has a throw-over .