Market Update:Greek News intensifies Risk Off Session. Goodbye Europe
Markets taking another aggressive leg down. Greece is implying of pulling the plug. With Interactive Brokers walking away from MF deal, due to balance sheet issues beyond…..let’s see what China says about balance sheet issues before they accept the generous offer of investing in the EFSF.
SPX Channel still intact, but this is definitely trading weakish.
More charts below.
DAX, Bail out effect retraced…..
Just like the Euro….
I like your analysis, but when does your “definitely trading weakish” turn into “risk off, short with confidence”?
Majority won’t catch the big move down, as they will be stopped out…So not too many confident shorts. Best to play via derivatives at this stage, better risk reward.
I have found that using robust mechanical systems using price and moving averages for a trigger, with defined stops allow one to “short with confidence”, or get long, when a price signal is given.