Developed int'l markets depict bottom patterns -Europe, Japan & Canada

​Developed international markets are nearing breakouts from potential bottom patterns, signaling likely catch-up rallies to the leading U.S. market.European, Japanese, and Canadian indices depict three-month head & shoulders bottoms, with the better-developed patterns found in the STOXX 600 and TSX Composite. Of course, it will take breakouts above their respective resistance levels (“necklines”) to confirm the patterns. But given their presence, and the expanding list of risk-on signals, ...