Further to my posts since November 3rd, I'm adding the European Financials ETF, EUFN, to my watchlist for clues on the health of Europe's banks...below are a series of charts depicting price action relative to an upward-sloping channel that it's been in since its September lows. Contrary to the YM, ES, NQ & TF, it is trading below its middle Bollinger Band on all timeframes and is just above the botom of its channel after failing to hold above resistance at 17.50...furthermore, a descending triangle could be forming on the Monthly and Options Expiry timeframes, which would signal a bearish continuation...it's not looking too healthy at the moment...will see where it goes from here.
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