This is the daily chart of the German DAX, the benchmark for the German stock market, and quite often the Eurozone. This looks like a possible H&S in the making…
 

This is the daily chart of the S&P 500. If you recall this post, https://synapsetrading.com/2012/04/sp-500-awakening-bear-technical-analysis-stock-indices/, the 2nd leg down has already started.

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