Yesterday's reversal in the S&P was significant. The breach of the bollinger band and a reversal from it is my signal for a potential 3-5 day turn around in trading patterns.
Also, the VIX may have a lower high with the candle that it developed as a result of yesterday's action. If this is confirmed in tonight's US trade then I suspect many sitting on the sidelines will come back in.
The drop in the Euro is contributing to the economy which is in itself a good thing for exporters in some of those country's and tourism in Greece.
Yesterday's reversal in the S&P was significant. The breach of...
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