SPDR EURO STOXX 50 (FEZ) just flashed a golden cross.
While all the experts have written off Europe, the Euro Stoxxx 50 ETF price action is telling us a different story.
If the European bulls can take out the October swing highs this will cause a lot pain to the perma bears.
The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.