Douche Bank and HS.B.S posted poor earnings and need to raise money. Not to mention Citi is selling off its self to Morgan.
Futures are down, past the 860 as well. I decided to move out and look at a longer-term view of this market.
Lets look at 2002-2003, As you can see the 85.35 was support in 2001 and resistance 2002-2003. This is a weekly view of it. But where does this play with this years market.
Lets look at this year's market, as you can see the 85.35 has been a HUGE support level for this market, in weekly terms.
Now more of a daily view, it shows this as a big support level as well.
The market is set to open down again today, keep an eye on 85.35 today.
I am out of my Calls from yesterday, I felt gross being a bull. I bought more Puts and added to my SRS. I am also out of TAN for a loss and XLU. I was using these as hedges that was silly.
