Tension after Saudi Arabia and its allies carried out air strikes in Yemen weighed on global stocks and pushed oil and gold higher. A weak seven-year auction sent Treasuries lower. The dollar recovered earlier losses against the euro. The $VIX still inside of the white box, thus risk parameters are maintain.
We are trading just at the trendline (green) if the selling pressure does not stop there is a chance to trade to 2000 or bellow to 1990 in the SPX The situation in the Middle East is not helping the markets: “Centuries old conflict between two branches of Islam, Suni and Shia, just escalated. Overnight Saudis
Volatility is Back: Hopes for a deal regarding Greek debt and a bounce in oil prices pushed stocks higher and Treasuries traded nearly flat. Signs of SNB’s intervention to weaken its currency pushed the dollar higher against the Swiss franc. Gold pared losses on weaker-than-expected U.S. economic data.




