Europe's near collapse last week would make this weekend's Euro-zone meeting very critical. S&P has already put them on credit watch. Should they get downgraded, the whole system can suddenly collapses. Ahead of their Friday's meeting, major western central banks may accelerate their money printing, and pushing the market up.
For Thursday, I will use 2320 as key inflection point.
- Bullish above, targeting a move up to 2340, then 2370.
- Bearish below, targeting a decline down to 2280, then 2260.
