The following 60 min (market hours only) charts of the YM, ES, NQ & TF illustrate the reactions to this week’s unsettled (so far) banking crisis/bailout battle between the EU and Cyprus.
There is lots of indecision in these markets as they react to the ongoing saga in Europe’s fragmented banking, political, and economic systems (on which the Troika is attempting to get a firm grip by implementing ‘unusual’ and what will become precedent-setting methods, as the irrefutable Law of Attraction dictates).
