Posted May 9, 2015 by Martin Armstrong
The Bunds held the key support at the 150 level and bounced showing that the target for a temp low this past week appears to be on time. We still elected the Weekly Bearish up at 156 so we should expect a rally back to retest that level at this time.
Nevertheless, we can see how rapidly the market fell and this is what we should expect the other side of 2015.75. Liquidity has declined and as such volatility should rise. This is a reflection of what we are facing especially moving into 2017.