The SPX 500 sits right at the 200 day mva after the ECB has announced the 25 point basis cut. Draghi will speak at 8:30am EST and we will see major volatility come through. Markets have consolidated this week as all eyes are on today’s ECB press conference. To throw in some added volatility we also have the US Unemployment claims, but many will not be focused directly on. It may be best to wait and see if a trend can follow through.
