Checking in from Scotland.
Markets are weak today without any reason except that funds decided to sell on Fed rates expectation.
The VIX spiked, confirming past strength and the 20DMF is close to a short signal.
The emini however starts to show end of day accumulation.
Pascal
Hi Pascal in Scotland,
The bund yield went from negative to above zero today, reversing eu-NIRP a little bit.
I think this triggered the shakeout.
This idea is supported by US bonds and US equities both being down heavily.
Millions of late equity long positions got stopped today - including my own daily swings.
IMO this will take a moment/more downside to heal.
Last edited by PeterR; 09-10-2016 at 02:13 AM.
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