Market Event which could bring trading opportunities
$SPX open with a GAP which is now closed. Right now there is an opportunity for the Bulls to profit on the market upside. There is relevant data from USA and many short will consider closing the position if $VIX trades lower. Regading Europe: PM Tsipras says negotiations will continue after Sunday vote Eurogroup to
Here are the update from today: Greece will not pay IMF on Tuesday: Govt official All 10 S&P sectors in the red; deepen losses in afternoon CBOE Volatility index .VIX spikes. Went short volatility Jan 2016. Euro STOXX 50 index – biggest one-day fall since 2011. Tens of thousands rally against bailout ahead of referendum
Based on the data collected during the last 48 hours at present the risks are high both to the upside and to the downside for the following reasons: Uncertainty over Greece: Talks on Greece are ahead this weekend creating a lot of uncertainty. European leaders are publicly beginning to prepare for failure of the talks.
$SPX: If there is not a recovery in price this week I am considering closing long trades a this levels. $RUT was sold significantly EURO $STOXX: balance day vs yesterday Greece deal uncertainty weighed on stocks, while Treasuries advanced on safe-haven demand. The dollar surrendered gains against a basket of major currencies. A surprise U.S.


