sp'60min
Summary
So, market is set to open a little higher, but really... the will be extremely vulnerable today, and into next week.
The 'Greek situation' remains an utter mess, and it would seem unlikely that any kind of deal will be reached today.. or early next week. End June remains the prime time for an official default.
There is the somewhat scary possibility that the Greek banks will be shut next Monday.. and that would really spook the Greek populace.
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As for US equities.... the hourly cycle is offering a bearish MACD cross this afternoon, and I would expect at least some degree of 'rats selling into the weekend'. Equity bears should be seeking a weekly close under the 10MA, currently at 2108... a mere 13pts lower.
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Update from Oscar
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Doomer chat from Hunter
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Overnight action: China -6.4% @ 4478. As I noted in my previous post, China was vulnerable... and we now have a clear break of rising trend. The 3400s are primary target... a full 1000pts lower to go.
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Have a good Friday... if you can
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9.09am.. Watching Putin... pretty interesting....
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sp -1pt.. set to open at 2120
notable weakness in oil -1.7%.. back under the $60 threshold