Tread carefully on ECB day

FOR THURSDAY: (9/8) ECB D-Day. It’s not expected to be a big deal but somehow Draghi says something in inflammatory and the computer ALGOS go into overdrive more than employment and FOMC days. If you’re not positioned properly, you can get killed. We will trade lightly from key numbers and pattern completions and wait for the dust to settle and logic rarely works after the head fakes and triple-head fake reversals.