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Friday continued the melt-up, with USDJPY/NKD boosting SPX up over the SMA100 and almost to the SMA50. Today is the official last day of POMO, so one would expect TPTB to prop up the market in an effort to demonstrate how it's able to stand on its own two feet. With lots of economic news, the EZ bank stress test results, a FOMC announcement coming up and the latest case of ebola to pop up in NYC, it could shape up as another volatile day.
As always, keep an eye on USDJPY
Friday continued the melt-up, with USDJPY/NKD boosting SPX up over the SMA100 and almost to the SMA50. Today is the official last day of POMO, so one would expect TPTB to prop up the market in an effort to demonstrate how it's able to stand on its own two feet. With lots of economic news, the EZ bank stress test results, a FOMC announcement coming up and the latest case of ebola to pop up in NYC, it could shape up as another volatile day.
As always, keep an eye on USDJPY
