SPX and DAX (the Greek winner) charts
Today is a rather bizarro day. The futures opened up strong, and traded ok until midday Europe. We are seeing some pullbacks as the market in Europes heads for the close. People talk about all is fine, now when WSJ, posted a “Germany pro Greece” article. Case Shiller, Consumer confidence etc have all been coming in on the weak side today. We feel there is a dislocation in the market today, and suggest loading up on Vol at these levels. Both SPX and Dax could make some interesting formations if we got some more reversals today. SPX, still in negativ trend and DAX, a possible last shoulder forming, charts below;

