Risk off reigns
Black Friday sale hits the markets. Did you grab a bargain?
Europe's Stoxx 600 sees worse day sine June 2020Dow saw the biggest one day drop since Oct 28, 2020Nasdaq closes with biggest one day drop since Sep 28
It's a greek letter
So the rumour was it was going to be called Nu (another greek letter that looks like this 'v') . The next letter after Nu would be Xi. It looks weird, and I don't know the unicode for the keyboard, but here is a picture of it. The left hand letter circled
and quicker rate hike expectations on virus fears. The weekly chart is showing a strong rejection of 115.00 and, if the close is right, a bearish engulfing bar taking in over a month of price. Technically this opens up a re-test of 112 for next week.