Here is your morning look;
Deutsche Bank lost money for the third year in a row taking down Europe.
The U.S. needs to close above the weekly ORL#’s
for pattern integrity.
Both the Spu & Nasd 100/Bond charts have the potential for ORL days.
This will be played out in the last 45 minutes of the U.S. session.
Surprisingly the VIX has been muted over the past couple of sessions as volatility has picked up.
Weekly resistance is 15.92.
The good earnings news is out of the way.
Review your holdings, only the Exchanges will prosper in this type of environment.
Pigs get slaughtered..Old commodity adage.
Short term level trading is the game for the near future.