Early Monday Morning Market Looksy

Ain't no shame in this game…and risk assets are tumbling early this morning in Europe.

The dollar is a beast and ramping higher.

Looking at a chart of the Euro Stoxx 50, note the support area at the 200 day moving average (blue line) that got violated to the downside today.  Also note the next major level or support being the red line.  The red line is a trend line that has held since May 2010.  If and when that gets broken things could deteriorate quickly.

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