It “all depends on Draghi,” warned UBS’ Art Cashin early this morning… and Draghi disappointed. Historically October 2nd, Cashin notes, usually sees a rebound but payrolls may complicate that pattern (and rumors that ISIS is consolidating west of Baghdad). Stick with the drill, he advises – “stay wary, alert and very, very nimble,” as the 120-day moving average (1945 on Cash S&P) is critical…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1vAA2mV Tyler Durden