This is certainly a great market for those who can catch these monster turns. Just a few days ago it was "the end of civilization" due to the Greek crisis. By now we have put up 5 monster Up days. So what is exactly that we are witnessing here: a relief rally? Short covering? end of quarter rally, first of the month rally? is Greek news only now fully baked in? is the market expecting even more good news soon? could the market re-test the lows again or was it just a bad dream for Longs? Is it safe to Short now? Oscillators show overbought (e.g. SPY RSI(5)=84). VIX has totally collapsed and touched 15, the level we saw during Feb Top, but still not as low as Apr Top.