EUR

The problem with France is rather the role in ESM funding. One notch down and at least legally ECB cannot accept bonds as collateral. This won't happen contract or not but is possible black swan. After all, every downrating of Ezone member had effect, not always lasting, but effect. Insofar trading french bonds long ( i.e. yield down) was a good bet. I am about to short OAT future now. MAybe CAC has some room to go but nevertheless the IBEX was much better to trade long.

Well i didn't expect anything else the debt ceiling will get a temporal lift.... but if no spending cuts then this lift up is just a fiscal thing , the automatic tax increases are avoided thus we have fiscal cuts effectively. I think - if not already priced- that is positive for US stocks , especially bank shares,
and hence for USD, too. What "the market" really thinks of it can be seen in RUS2000. Both EUR and USD are a bit out of focus as JPY bashing is in fashion. I don't think that there are any new tools for BOJ and jap govt that weren't used in the past 20 years of deflation. So one should be prepared that EUR bashing returns soon. France... too big to fail?

still have 3330 partial.....lookin lower for reentry

@Lio, I would imagine that would be discretionary bearing in mind that often price will be at the more favourable level when the signal is issued. For some subscribers entry delays would be inevitable for a variety of reasons so the entry zone would to some extent accommodate.