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I have defined my forecast more since my weekly review of information on Sunday night.
The low range of 149'18 ish to 151'00 holds through the Greek talks. If the talks fail we should test the high of Friday 152'18. If the talks are successful a slow march down to test the June 10th low of around 147'16.
Keep an eye on the China stock market...a crash there may spook the markets and change the game...
At the 8:20 open it did exactly as it did on Friday, up to the 50% retracement and stop . Friday I was able to get 8 ticks, today just watched it all happen and did nothing , what a dummy I was .
Lots of confusion for me this am, as posted thought process was ZB was going higher.
Dangerous short scalp at 151-6....covered @ 151-2.
At this time press conference was going on.
One wrong word, either -1000 or +1000.
Took the +4 ticks.
Pits are barely open the 1st hour and mentally I'm already saying to myself NO THANKS.
Combative session between Greece and IMF should continue until someone gets a backbone.
Here's a pic of hourly chart.
Price could go either way.
I agree Joe , the mkt. has no idea where it's going . There was a slight bias to the up side on 15 min. overnight but I didn't see anything that appealed to me at open or before open , so left it alone . I quit early as I had other things to do anyway. I try not to make predictions as you just don't know what news event will come out after the prediction .
