14/07/2015

All things considered

SP500 has not taken important 2100 yet and seems to prepare for downside. The same goes for the DOW which is just below crucial 18.000. Company results for second quarter will start now.

Europe is still moving on Greece news but there are so many things that can influence the deal from Monday morning. Parliaments will vote not only in Greece but in Germany next Friday. It is difficult technically for a new high so I think sideways trading and later a drop is the most likely outcome for today Tuesday.

We also have the Iran situation to follow.

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