Am I the only one excited? Ready to go? The Greek elections are too close to call, but absolutely nothing indicates in any way any need for 'coordinated action' from central bankers, or any additional money printing. Nothing whatsoever, in my opinion. But, and here's the rub, the insane part: the market is expecting the printing.

Now, if they don't get it, the market would be inclined to go down. This would be 'disorderly', not in that it would be truly chaotic i.e. big selling, just a small decline of say a few points, and anything considered 'disorderly' justifies more money printing. So, I suspect we'll have some printing anyway, now that they announced it 'if necessary', and the market going down if they don't get it would make it 'necessary'. See the insanity of all this?

So, I expect a big pop on that announcement. In reality, this is set up as the mother of all 'sell the news' events, especially after that crazy pop into the close and good-sized additional run up in the SPY after the futures close. We shall see soon enough.

They 'see' it. It lines up with the .447.

Boy, do they 'see' this area. They gun it up like they are going to go nuts, and stop it dead at the area and it fades back. Amazing. I think they will go up and over soon, but how interesting, how it explodes right to a spot and stops dead like that.

And up and over it goes...

I'm watching 58-60 next. Perhaps 61.

Now, in an ideal world, to me, this would be a fake up over the TL, and then get crushed to the downside. In an ideal world...

If this rises I'll be keeping an eye on the 56.25 area on the way up.

But it's a big if, as those sellers may still be lurking, ready for the next leg down off that HOD area. Doubtful, but you never know.

Sellers...

Notice that high there at 55 was a bearish 1.000 ABCD (with a shallow C point) to the tick.

Back to the TL...