What now?
Markets are hesitating to move away from the current level …
So far May hast produced twice the “1-day-squeeze-2-days-sell-pattern” …
Tomorrow will be interesting as we get our deserved 
weekly candle …
In the S&P, 1400 is the watershed … as last week opened here …
A close below 1400 would call for more downside … the financials creating a steady pressure on the market.
So let’s be assured … it is not the time for heros right now … NO NEED TO BUY here …
I still sell the spikes … gravity helps 
No new stuff from the ECB and BoE today …
But … my guess … ECB’s next step … even if it needs more time … will be a HIKE …
Anyway … I hope to have some interesting charts for you soon
Tags: BoE, ECB, financials
