S&P E-mini Futures:
Bouncing from crisis lows.
The Paris bombings are reprehensible. That people may have died because of a religious war is beyond tragic.
The patterns and parallels to previous "terror" attacks are even worse. It seems each large-scale attack must include at least one perpetrator's passport in new condition recovered near an explosion. There must also by same-day "terror drills" being performed for added confusion, along with a full-scale power blackout for maximum effect.
Be careful not to get sucked into knee jerk problem-reaction-solution psychology. Mass manipulation seems to have spread far beyond television advertising to become the principle objective of the "news."
Macro economic news of note: Japan's Q3 GDP turned negative once again, incredibly for the fifth time since 2008.
Asia was mixed last night, while Europe is mixed so far today.
JPY weaker on hopes of more stimulus. EUR weaker, USD firming.
Low volume rally continues.
WTI crude currently flat, NG up another 1% again.
Gold and silver slightly green, with copper under pressure.
The market elected not to bounce Friday morning, and in doing so put 2020 on the table.
Today's bounce has multiple choices for targets: 2035 area, 2045.97 gap, and 2060 area.
Perhaps an "A" wave of a still-developing ABC down from the November high is occurring.
Perhaps not. Doubtful the market will decide it all in one day and at current levels.