11am update - holding moderate gains

US equities are holding moderate gains, with a viable minor down wave into the early afternoon. The bigger weekly cycle is now offering the sp'2140s in the immediate term. Metals are holding gains, Gold +$12, with Silver +2.8%. Oil continues to cool, -1.3% in the $58s.


sp'60min

Summary

Anyone still think a move under 2072 is viable in the near term? It sure looks unlikely.

Despite the continued chatter about Greek payments due, the market doesn't care... and is looking reasonably strong this morning.

-
notable weakness: BABA -0.8% in the $80.50s. A loss of $80 would bode badly for those holding long into Thursday earnings. Relative to the main market.. BABA is performing poorly since late Friday.

-
I have my eyes on the Euro and Oil as viable longs.. but not today.. or at these levels.

FXE 60min

A retrace to the mid 108s looks highly probable. My only concern in terms of going long would be an extra washout to the secondary zone in the low 107s. In any case... FXE looks okay for 115/120s in the mid term.
--