European equity close: UK stocks tumble in a rough day everywhere

Closing changes for the main European bourses:

Closing changes for the main European bourses:
  • UK FTSE 100 -2.8%
  • German DAX -0.9%
  • French CAC -1.6%
  • Spain IBEX -1.3%
  • Italy MIB -0.8%
On the week:
  • UK FTSE 100 -2.0
  • German DAX -1.5%
  • French CAC -1.1%
  • Spain IBEX +1.0%
  • Italy MIB -1.2%

I like the valuation of UK stocks but that chart looks like a messy head-and-shoulders and that uptrend from the Nov low looks vulnerable.