Reversed last night's opening gap down to recover strongly into the green.
News:
I would not want to be Alex Tsipras on the streets of Greece right now. He just sold the world's oldest democracy to a bunch of bureaucrats and got nothing.
FX:
CHF notably weaker again, along with EUR.
Would think EUR would be stronger due to getting rid of Greece, but maybe it's not a done deal yet, therefore potentially cautionary.
Treasuries:
Continue to look terrible.
Energy:
WTI crude still trying to rally from oversold. NG may have its sights on higher prices over the near term.
Metals:
Gold still nowhere. 1153s.
S&P Outlook:
Weekly chart looks great . . .
However, there is still the possibility of a nearly completed ABC correction from the 2044.02 which could suggest new lows.
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