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STOXX 600 LIKELY TO BREAK MAJOR SUPPORT 378 - watch 369

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The Stoxx 600 continues to selloff. It appears to just have completed a TRIANGLE.
A break of the Fibonacci support levels 379 to 378 is likely to signal more selling pressure to the next major support around 372, 369 or 364. 
The long-term outlook is dependent on the major support 372 / 369, a break of which will signal 361 or 346.

Rolf Bertschi