sp'daily5 - Monday morning outlook
Summary
The notion that any Government can just skim a given percentage from European bank accounts when 'the mood takes them', is beyond a dangerous precedent. Its outright crazy.
Are they actively trying to cause a state wide, even European wide bank run?
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As things are, I don't expect a move under the 20 day MA of sp'1530 tomorrow.
I'd guess the VIX might jump 20/25%. into the 15/16s..before a decline back to the 13/12s Wed/Thursday.
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The 60min micro-count was seeking a Blue IV wave lower of 20/30pts across Mon/Tuesday, and it looks like we will indeed see one.
See my weekend posting for my broader outlook on where we might be headed.
Goodnight from London