sp'daily5
Summary
So.. a little bounce... not exactly surprising.
For the uber bears out there... the aim has should be a break under the 200dma, which will be around 2052 at the open.
Long night ahead... stay tuned!
*CNBC Asia starts at 7pm EST.... will be interesting to see their take on things....
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China cut rates -0.25%.. along with loosening the bank reserve requirement... however, considering the past two days of declines.. and the Greek drama.. hard to imagine the Shanghai comp' not opening sharply lower.. but that is still a few hours away.
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7.13pm... sp -29pts @ 2072
Meanwhile.. Tsipras doing the old 'look smart.. by sitting in front of books' tactic.
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| 'deposits are safe'. Yeah.. sure they are. |
There can be no excuses... every Greek with a bank account had ample warning to take out their money.
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7.30pm.. sp -32pts... 2069.... which is kinda interesting, but I'd sure like to see the 2050s by 11am tomorrow morning.
A test of the 200dma around 2053 would be a rather good morning low.. before a 10/15pt bounce into early afternoon.