Upside favored as brexit-prevention talks seem to be fragile. Plus "save-heaven" appeal of EUR when equity slide resumes.
This inverse ETF is at support of MA atm. I expect the worst for oil is yet to come which would spill over to non-energy high yield.
Technical counter-trend move likely. Medium-term downside favored.
Depending on how long China can keep credit bubble inflated and on how fast Fed hikes (which will trigger EM cirisis), downside risk can materialize sooner or later. Same logic goes for SPX.
China trade data was bad, Draghi effect will probably fade. Downside favored.
Good entry point for short if you believe Saudi-Russia talks will fail.
China China China. Dollar negativity has been overdone, too.