ES Futures:
Broke below the 5/26 swing point. This equates to the S&P cash filling the 2098.48 gap.
News:
Rumors of a Greek deal are swirling. This is major event risk today.
FX:
EUR trading higher on deal rumors. USD opposite.
Treasuries:
The only thing more spooky than the way treasuries have looked lately is the way rates are rising worldwide this morning.
Energy:
WTI crude back above 60. NG not showing the love.
Metals:
Higher but remains sub-1200.
S&P Outlook:
Liking the entire area below 2100 down to 2067.93. The 2098.48 gap should be filled this morning. What happens after remains a secret locked inside a fickle market that has looked corrective thus far.
I will be a buyer with a hard stop at 2067.93. Options are cheap and were made for event risk and rumors and whatever else Risk likes to lurk within.
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