A very short note...
Since a couple of weeks ago, I had been highlighting that while the media and the rest of the world are keeping their eyes on Greece, the next one up would be Italy...
Today's headlines before market opens reads:
US concerns turn to Italy
Interestingly, of you look at the SPX or /ES 30 mins charts over the past 10 days, there is a head and shoulders pattern about to complete and it is just over the right shoulder just now... Deja vu to July 27 2011 on the daily ES chart!
While the market will be volatile, this is just the beginning... More to come!
7 November 2011
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