I haven't done my research but I keep hearing that there are trillions and trillions of dollars in derivatives wrapped up with Greece that a default would just completely wreak havoc on the system....so if this stands true than there is a 100% chance Greece doesn't default and its not kicked out. .so basically its a win win situation ... Aside from that think of how many hundreds of trillions in derivatives are actually out there and what would happen to the system if this derivative market were to collapse....why did they allow it to get has great as it has... There is over $700 Trillion with some estimates as high as a quadtrillion dollars ...its 20% greater than it was right before the collapse and financial crisis just some years ago in 2008.... So if Greece defaults the derivative market would be in tested and they will not allow this to happen so Greece will get another free handout and all will be forgiven
If you trade s&p futures over night there is zero sleeping. Im going to trade the minis probably next year so that I can get in on these dip 100% guaranteed to go up over night opportunities ....everytime there is a minor selloff the next day its back.to.normal.
"Creditors set deadline for Greece proposal - Euro Zone official" - http://uk.reuters.com/article/idUKKBN0P50WX20150625
So easy when you know the index futures pretty much rally every night. nearly half of yesterdays losses erased on 1/10 the volume it took to take it down. Like magic, yes the magic futures.
Looks like a higher open on wallstreet, that will make the public feel better when they wake up and turn on the TX.
So what's the ET vote on Greece, I sense unless Greeks submit to demands there will be no Deal on Greece's terms (green light to others if it does happen).
Sitting at support...again, this is interesting. Lets see how much conviction remains at that support level.