Whilst the casino wheel continues to spin at the NYSE, in Europe, more important things are about to begin. Its the big Euro'2012 Greece vs Germany football game ;)
*as noted earlier, I have re-shorted from equivalent of sp'1330. I will look to hold until sp'1305, next Mon/Tuesday.
sp' daily 4mth
Bulls have had over 4 hours to ramp this market back..and they ARE struggling. The VIX fell a very understandable 8% or so. The daily chart is arguably all that matters to summarise where we are headed..and it ain't sp>1422
If market gets spooked over the weekend, sp'1290 is well within range, with a swift jump in the VIX to 24.
Ohh..and 'best guess'...would be Germany ;)