Profit Taking

So far this morning, this is what I would expect as normal profit taking after yesterday's 10% move off the lows.

There is a big G20 meeting today and over the weekend and I don't think anyone wants to make any big bets in advance. Going out on a small limb, I think there is more of an upside bias going into the weekend because being short in the face of some sort of consensus announcement by the G20 seems risky.