In case anyone missed it, Moody's downgraded Oz banking outlook...

In case anyone missed it, Moody's downgraded Oz banking outlook to negative. No surprises here. Plenty clues, especially since banks didn't pass on the RBA cut - was a sign that not everything is well. I'm expecting some bids again towards end of day and some ranges during European session until it merges with US session. Have to wait until US options expire. So, most likely next week will be a down week.... at least the initial few days. However, I won't preempt and go short before the weekend. So, chances are we'll open low Monday(to lure some shorts at lower level) and go up(squeeze) and then go down again sharp... Let's see...