Sharply higher after an overnight reversal (hint: bond buyback & central bank rumor).
Rumors are flying that the ECB may monetize debt for European banks (think Deutsche Bank). Can't find the source of this, however, and it's not something I'll simply take Zero Hedge's word for.
But there was this yesterday:
Regardless, the market is due for a bounce somewhere somehow. The reasons will take are of themselves.
DB was as much as 15% higher earlier after another rough night in Asia. Europe is ripping.
Yellen's prepared remarks before Congress centered on risks to growth and focused on the lack of a pre-set course for rate hikes.
Largely quiet post-Yellen. JPY slightly stronger again.
Finally backing off a bit.
WTI crude within a hair of fresh lows. NG floating lower.
Gold backing off, pulling silver and copper with it.
Today the 1880.02 gap could be in play. Anything below 1834.94 could be craps. Other than that, still looking for a rally per the scenario posted yesterday. There are few bulls.