Just a little follow up to my preview post earlier
It’s being noted that intraday accounts are behind this rally-ette today. That’s going to add some weight to my thinking that we may see a sharp drop if these sorts of traders don’t get any headlines in their favour. If there’s a whiff of dovishness from Draghi, these folks aren’t going to stick around for the rest of the party, as much as longer-term traders might.