This guy just reads my mind: Three popular stock indexes in Europe are giving multi-year rising support a heck of a test of late. Each index may have created a rising wedge, which two-thirds of the time suggests lower prices are ahead. With all eyes on Argentina's debt default, what Europe does from here is VERY important! IF ... If Europe is reaching a "tipping point", this price action very well could ripple into the S&P 500. Europe exhibited similar behavior in 2000 and 2007. Chris Kimble, http://www.investing.com/analysis/if-europe-goes,-what-happens-to-the-u.s.-221258