sp'60min
Summary
*closing hour saw a touch of weakness into the close. Price structure is a rather clear narrowing wedge.. which in theory should break strongly to the downside in the coming 1-2 days.
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For the bears, a frustrating and annoying start to the week. All the 'doom chatter' across the weekend amounted to nothing.. as is almost always the case.
What was amusing today was to see the near outright denial of the Greek situation from the mainstream. This included such bizarre issues as the Cramer touting 'there are no bank runs', to the arrogance of various 'financial analysts' - saying with a straight face, how it will be good that more funds are 'released to Greece.. so they can then pay back those who are releasing them more money'.
Yeah.. we are living in the twilight zone.... and it is increasingly difficult to stay level headed about this spiralling mainstream madness.
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In many ways... this is probably a fair way to sum up the current situation...
Bears climbing the wall of worry?
Have a good evening.
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*the usual bits and pieces across the evening... to wrap up the day