Following on from the recent low volume, low volatility, grind higher it feels we’re in a low volume, slightly higher vol slide into month end. SX5E tested and headed below the 50d average of 5011 early on and will worry some but really 4884 the big level which has been the bottom end of the recent range. Well shorted name leading the declines today (having led gains yesterday) but there is no let up with the well held Longs under pressure at various times today. Heavy today and for no real obv…
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