Well, after an emotionally exhausting day Thursday, I figured we could actually enjoy a normal trading environment for a few days before Yellen on Wednesday. Nope. For no particular reason at all, the ES has roared off the “Draghi Disappointment” lows from yesterday:
The last remaining hope at this point is that we have broken the wedge. If the ES can be contained beneath something like 2006 or so, we might still reverse. Otherwise… the central bankers win yet again.
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