... it will be a very interesting week: #FED, #BOJ & #EBA. The #EBA announced that detailed individual results for the banks participating in the 2016 EU-wide stress test, will be published on Friday 29 July 2016 at 22:00 CET. I expect that the report confirms that Italian banks are bankrupt - and it will be the end of the oldest bank in Europe / Monte dei Paschi diSiena/.
Ola Amigo ! Hope you had nice holidays ... mine starts next Tuesday ( 02/08 ) ;))
I can agree that this push UP is some kind of Bull TRAP as obviously EU look like a crap ... But is this wave 3 ? or just some exhaustion correction above previous Highs ? ... we shall see
Looking at past action and days involving roll over and correction I tend to agree. Most of the time roll over is gradual than a larger drop. Only a few times have we spiked up and dropped but it is not that common. My belief is we have just a bit more breath left in the bull but not for very long.