The market is gapping up to my surprise. There was a furious comeback during European hours coming backf rom down 15 on the futures right before European markets opened. Euro has also bounced back from 1.22xx. I expect the market to fade in the 2nd half of the day, this seems like eager beavers thinking that Monday will be up because Friday was down.
XLF bounced off the 200 day moving average. That may be the bottom for the next few days.
ReplyDelete