This is how I see the market at present.
1. Ukraine at present is not serious enough to drop the market.
2. A deterioration from here either militarily or on sanctions can cause turmoil.
3.Market is split between those calling for a correction and those that think sell offs are buying opportunities.
4. In boxing terms we have a split decision. But high volatility, so the moves are large.
We have no clear direction so the trading strategy is to be flexible and buy on green sell on red. Wall St seems to be the driver and the main moves are happening in that time zone. Today could be a bit crazy as we have a long weekend and stock traders have to make a call that will span four days.
Elsewhere the Euro , while been talked down by all the Eurozone members is showing plenty of strength and well supported at 1.3800.
Today should be choppy/hurricane
Levels are:- S&P (JUN) 1856 1840 Wall St (DFB) 16430 16325 DAX (DFB) 9360 9225 Euro 1.3850 1.3800 Gold 1305 1295