The bigger picture is getting uglier in my eyes. For the very short term (monday, tuesday), we could be close to a rebound.
SPY 1H AND VIX 1H
I expect one more push down (gap down open). If the move down is not too volatile, I’ll maintain high odds for rebound.
With that said, Spain 10y bonds direction is not good; Spain 10y @ 7.27%, Italy 6.20%. Is this the end game for Euro?
