cyprus is major news
1st time the eu officials decide to take money directly from the savers without their consent..
this is big..watch euro banks tomorrow...
And then Bernanke and FOMC. the Bullish meter is all the way down, all the positive is factored in. Could have the major downturn after FOMC sending VXX to 26 and VIX to 18-19.
Sentiment: Strong Buy
It could but 20 is about the ceiling on VIX, better sell if it gets there.
This market is owned by the Feds so there is no telling what will happen by market open.