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break down below the recent range, bad for bulls. Let's see whether bears can push down and down today. Usually it'll rebound immediately upon the open though so after the rebound, let's see whether bears can push down and down.
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Off to a slow start. With Italy blowing up big time last night there is another significant topic for the morning strategy meeting, so net result a slow start to the day.
FT 71 was pointing out how the Italian crisis has dropped the interest rate on the Bund in half putting price into what he called "a bitcoin move" parabolic curve. If the US ten year had a move like that the FOMC would be summed to congress
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it's morning hourly hollow red. the implication is on the top left of the chart itself.
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will test ema20 which will let us know if bears are over for today or not. my guess (means no action yet) is bears are over? Just look at QQQ, very strong rebound so far.
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