This market can simply not sustain any good news... back to gun slinging intra day... will continue building a long position when I see fit... right now I`m in observation mode with regards to building a Long position!
I was looking for that catalyst today as well in the form of massive, coordinated action. ECB really did a rug pull this morning, definitely not a whatever it takes Draghi moment. Fed's action is a little light as well. I think they know they need to save some ammo and need accompanying fiscal policy as well to arrest this.
The rip and the drop were pretty easy actually ... just takes a little testicular fortitude, as they say
Now commences the continual grind higher back to 3330 and then all time highs within 2 to 3 months and certainly by end of year.