I feel like I am on choppy waters near the island of Tinos with the way G/Y is acting the last few hours... 
My longer TF charts still show bearish bias in spite of PA in the 143-144 zone... Also candles are showing their wicks
Time is coming soon whether the bearish bias is validated by PA......Keep an eye out on JPY index to help see the picture.... VIX is low but last few days has seen some volatility.... Last but not least I believe there is no way Greece can survive without tapping the IMF fund...
As a matter of fact in the long term I would expect the government to default on its debt obligations as the Greek people will not shoulder the burden of austerity packages... They will elect anyone who will promise to renege on the debt burden that has been placed on their shoulders without showing any real results in the day-to-day life... All the corrupted people in positions of power has siphoned off the money...
This will have a strong domino effect on the other weak countries...One by one....
My longer TF charts still show bearish bias in spite of PA in the 143-144 zone... Also candles are showing their wicks
Time is coming soon whether the bearish bias is validated by PA......Keep an eye out on JPY index to help see the picture.... VIX is low but last few days has seen some volatility.... Last but not least I believe there is no way Greece can survive without tapping the IMF fund...
As a matter of fact in the long term I would expect the government to default on its debt obligations as the Greek people will not shoulder the burden of austerity packages... They will elect anyone who will promise to renege on the debt burden that has been placed on their shoulders without showing any real results in the day-to-day life... All the corrupted people in positions of power has siphoned off the money...
This will have a strong domino effect on the other weak countries...One by one....
Traderdesk - 
