http://finviz.com/futures.ashxWhat happened today? Some Algos/ Hal 9000 going nuts or some "big finger" accident where someone put in the wrong number into the system....we will find out some day.
What we do know is that we experienced raw PANIC today in all risky asset classes with more pressure on the EURO, Stocks and Commodities ( remember Dr. Copper ?) as we feared earlier today. Safehavens found in green were GOLD, TREASURIES and the YEN.
Also note that we took out the important S&P500 1150 level leading to the next downside target at 1044.
On the other side the Euro has reached the 1.24/25 Zone which should offer some solace for a bounce. Breaking through this Zone projects to 1.18....
NFP Employment data tomorrow.....can this make a dent in this greek tragedy?
This all reminds me of Robert Prechter and the Elliott Wave desc. of a Wave 3 namely the Phase of realization, where the real extent of the issues emerge and where there isn't any hiding...
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