1. As expected the 1140 SPX was the first target and has hold for now and around the 1180-90 area we should turn back down.
Gold made a double top around 1900 and is now in an consolidation pattern for the next few weeks in the 1700-1900 range.
Meanwhile we write financial hystery or history not really clear but the announcement of the SNB to buy unlimited amounts of currencies is as patheteic as it gets but they had short term quite an effect.
Presenting the chart of Greek 1 Year bonds. Looking at this alone, one might get the feeling that not all that much is fixed in Europe, whose weakest link is about to file for bankruptcy any minute.