sp'daily5
Summary
So..Merkel is in a mood, Portugal bond yields are starting to ramp, and Egypt is all set for some socio-political turmoil across Wed/Thursday.
A good time for the US market to be shut.
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A red close would really help the bigger bearish case, although until we're <1600, can't be confident.
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2.14pm.. market SNAPS..to the downside.
Now we'll really get to see who wants to stay long!
VIX..positive...a multi-week floor might finally be in.
Equity bears should be looking for the 19s, by the Friday close