We are NOT going down due to what you are watching on CNBC. We ARE going down due to the close of the European markets and the downgrade of Greece near the close.
Haven't we been through this before? Isn't Greece worth 2.7% of the EU GDP? Maybe it is a harbinger of things to come??
One chart for the day as portfolio protection is working and definitely not getting into new longs at any of these levels - for that to happen would need a much more sever break than a dinky 150 points.
By the way, we probably have a better chance of finishing green today then red.
Here is the Double Fall Line Trade on the EUR/USD
Local's Tip: Shitty Deals on CNBC as GS gets reamed.Have a great day and my bet is we get a carry through to the downside tomorrow.
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