Mario Draghi Panic – Gift to Shorts and Bulls – Downside Not Complete

Last week, in a desperate and disgraceful showing by Mario Draghi, the European Central Bank under delivered and then over delivered in the space of 24 hours. Draghi admitted as much in his subsequent interview. Essentially admitting that his announcement of unlimited stimulus was in response to market weakness.

The market appears to want to gap up this Sunday, which is a contrary and signal it is important to understand that latent strength on a Sunday gap up is more of a bearish sign than a bullish sign if it occurs.

S&P500 Market Structure {Projection

S&P500 Market Structure {ProjectionCentral Banker Panic

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