the sky is falling... seriously though, weak rebound today, no catalysts, run on french banks, this sucker (S&P500) has room to fall. 1100 ish there is a pivot if it breaks then all kinds of stops are going to be triggered.
Only thing that can push it higher would be a bazooka type solution from the G20 or the ECB.. Im not holding my breath though it is a risk.
Disclosure: Im short SPY and GLD and have been for the last week..
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