Bounce is on its way

If you picked up some long assets for this bounce, even the URTY (IWM 2x long) this morning, you should be feeling pretty good right now.

I'm not sure what the catalyst is behind this recent move...

 ES

EUR/USD

The move started around 11:55 am EDT, it would seem connected to the Spanish news:

• SAENZ SAYS SPAIN PLANS 43 NEW LAWS TO BOLSTER ECONOMY
• SAENZ SAYS REFORM PLAN IS TO MEET PLEDGES TO EU PARTNERS

However that news was out at least 30 minutes earlier.

In any case, bounce longs like URTY or ERX are doing well. I'm going to browse some charts and see if there are any surprises coming