Wha happen? We were all excited about China leading us to the promised land this morning…now we’re panicked once again. S&P’s are a mere 21 points off their intraday cash-markets highs; the futures are worse than that…
EUR/USD is holding above 1.2300 but another batch of small stops lie below that level. 1.2240 is next decent support of note.
China’s 1.19/1.25 is looking pretty good now. Ironic, ain’t it? 1.2304 the low so far.
