Everything's Fixed - Russian FX Halt Prompts Buying-Panic In Stocks

Having once again broken its 100DMA, the S&P (and the rest of the US equity complex), the news that various platforms have halted FX trading in the Ruble (though they won't enact capital controls) and a modest bounce in oil prices seems to have sparked a EURJPY and VIX-driven v-shaped buying-panic very-visible-hand ramp in stocks into the European close... because nothing says dump VIX protection and BTFD in stocks with both hands and feet like totally disastrous US macro data and a global financial system on the verge of collapse.

 

The Ruble was halted..

 

And that sparked a Christmas Miracle...

 

Which sent everything ripping higher

 

Thanks to EURJPY

 

A 50 point swing in S&P futures and 400 pint swing in The Dow...

 

Because oil prices dead-cat-bounce to $57...

 

Now we see if the European close prompts another trend reversal...