Today is a great example of why I don't get too overanxious about overnight happenings it's another example of the concept of, "Once Wall St. puts a cycle or plan in to play, they rarely abandon it" unless they are forced to like AAPL.
Overnight global risk sentiment fell on Ukraine /Russian tensions and the $USD/JPY broke below $102, for a few hours, then both lifted back up.
USD/JPY breaking $102 and then recovering it after having been pegged in place all night.
ES/SPX futures were also pinned exactly in place all night until the USD/JPY debacle, although it almost looks like ES knew it was coming, the 8:30 Initial Claims also helped boost futures a bit with the highest print of 2014 at 384k on consensus of 355k (8:30) with the previous revised up 2k to 336k.
So here we are again, right in the area of where we closed yesterday, apparently ready for another pump and dump, but this is getting predictable, it's as if Wall St. is lulling trader's in to complacency, that's a dangerous place to be.
I'm going to have that extra cup of coffee and keep my eyes wide open.
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