Per Joe Terenova twitter....
ECB says Greek bank move pending bank recapitalization
ECB says recapitalized banks can return to normal ECB funding
ECB says Greek Bank recapitalization will be finalized soon
Euro$ should bounce on this
Ok, AAPL chart time.
I think AAPL is 10 points away from getting some buyers to step up.
I took a fib level from the Jan gap low (this is where I feel the afterburners kicked in, the gap and go action), took that out to the highs.
The 50% level of that run is $540.
Next I did some Elliott wave voodoo, assuming the bull stance on this would mean that this correction off the highs here is an ABC correction, if so then A=C which would put it around $532.
We also have a support declining support level coming in around the same range.
This is what the technical analysts at the big firms will be showing their bosses. Whether they decide to act on this kind of stuff, we do not know, but in the $530-$540 range AAPL is $100 cheaper than the highs, which again, is a nice round number that might attract buyers.
FOMC isn't going to say anything we haven't heard before I don't think it'll matter this time. Once the $SPY to cracked that $133.61 level to me I knew this fade was gonna finish off. Market is HEAVY so much resistance up above put together all these days just not looking good.
The sooner we get this flush over with the sooner the buyers will step in. Everytime we have these gap up then fade days it just keeps prolonging this. Need real panic, fear, collapse where we go down hard and fast and then buyers step in. That's how I feel atleast..