The ES opened +4 on Sunday, and then it began a steady drip lower. It was down to a loss of 12 points, when a designated central bank (this time, China’s) had to leap in and save the day from the prospect of a day not ending with a lifetime high. Thus, as tinted in green, the PBOC managed to destroy the entire dip. It’s leaking again a bit now, but I’ve got to tell you, these central-bank-stick-saves got tiresome a long, long time ago.
Between Apple earnings, the Fed, and the Bank of Japan, it’s going to be a big week, so strap in.