Violence in Greece and prospective French Bank downgrades has set up a second test and breach of the two-hundred day moving average for the QQQ with the other majors setting up similarly as the VIX breaks 20 and the US Dollar runs hard.
Is this the big fear spike we needed to finally flush weak holders, or the start of a new bear market? So many technicians now follow the 200-day, it will be most curious indeed. However, I’m reluctant to get too bearish on the first breach….
NEWS: Papandreou to step aside?
