As in the old Rocky & Bullwinkle cartoons, the ECB might have pulled a rabbit out of their hats, or it might be something else entirely. The headlines will be very positive, and investors will no doubt breathe a sigh of relief. But, anyone with their eyes wide open will recognize the “solution” as nothing more than can kicking.
The futures have been predictably ramped to a very positive opening, with ES nearly back to the SMA50/.618 Fib combo at 2090.
As for SPX, our upside targets from Friday are unchanged.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |