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  • $China puts more pressure than $Greece

$China puts more pressure than $Greece

randholm
July 8, 2015 9:44 am / Published in China, Europe, Germany, Greece

$China puts more pressure than $Greece

Overnight Shanghai plunged another 5.9%.  Now the Shanghai has plunged 32% since mid-June.

On the other hand, Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations, according to a letter requesting the funding from European partners on Wednesday.

The SPX and market players are creating a larger value area from 2030 to 2070 accepting lower prices than last week.

Europe is having a positive day however the Americas are mostly negative.  I am thinking to start hedging – with macro trades to ensure capital preservation.

Market Profile SPX Jul 8th, 2015

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