3pm update - awaiting a break

US equities are set for net daily gains, but price structure is a rather large... narrowing ascending wedge. Equity bears need a break <sp'2115 (as of the Tuesday close) to offer some clarity that renewed weakness into end month is due. No doubt.. the 'Greek situation' is going to rumble on for some weeks to come.


sp'60min

sp'daily5

Summary

*on a break of the wedge, natural downside target would be the 2060s.. where the 200dma will be - along with other aspects of support... in early July.
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Well, it has not been the best of starts to the week for those in bear land...

Tomorrow.. can only be better, right?
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notable weakness:  AA, -1.5% @ $11.75, ... already close to target zone of 10/9