EFA (EURO 900 ETF) is up 1%+ and climbing into the afternoon session. Yellen spoke today but it appears nobody cares since the odds of a near term FED rate hike are zero.
Here's an EFA butterfly in the spirit of the weekend post with an attractive (to me) risk/reward.
Following the butterfly setup the Ponzo updates forecast and lower VIX and bullish bonds.
All bets however are on the vote. Fundamentals trump technicals but news trumps fundamentals.
Ponzo retains the outlier scenario of a short term explosion in VIX and TLT so caution is advised.