Investing in Greece?

As soon as NBG is above this white line I will invest in Greece again. Forget about this scenario if we see new lows.

S&P - and now?

The S&P 500 smashed all major moving averages, which usually serve as a kind of reliable resistance - at least in the short term - within one day...impressive!! Now the S&P is facing 4 major short and mid term trendlines above.
What supports my bullishness is the high volume we saw today (follow through day?), the MACD which is about to cross to the upside and the negative divergence between the MACD and the index we already saw a couple of weeks ago. Since we already passed the 61.8 retracement I actually expect a couple of quiet days to the downside.

Be ready for rising food prices!!

It took half a year to form this falling wedge. If I wasnt long already I'd do it now. This wedge will definitely play out if stock markets behave as I expect .

China - should break out soon!

From a technical point of view I'm bullish for China in the mid term. Stochastic indicator is in a long term downtrend, however it is about to turn up again to test this downtrend. This should lead to a break of the triangle...

S&P - oversold levels, upside bounce expected

S&P is sitting on his 61.8 retracement. A final sell-off is possible but most indicators show a significant oversold market and 61.8 retracement level usually makes the market hold on for a while. Additionally the goal of the broken triangle is reached as well. Interesting will be to see by how much the markets will move up. I hope the former support and resistance level at around 1200-1220 will be reached and broken soon.

VIX and S&P oversold levels

VIX midterm Futures still forming the rising wedge. I'd still bet on a break out this week. McClellan Oscillator indicates an oversold market. However, other indicator still have some space to the downside. I hope we will see very oversold levels by the end of the week without going much lower in the S&P. I hope the 50% retracement will be a good support!!! Good luck!!

S&P - slowly reaching oversold levels

this more short term indicator (McClellan) is indicating that we are slowly reaching oversold levels. This however does not mean that we have to zoom up tomorrow.