“Grexit” Trading

With the threat of Greece defaulting on an upcoming debt payment and potentially exiting the Euro made more likely by the collapse of talks over the weekend, the Emini opened down more than 30 handles (points) Sunday evening.  That said, price has now started to bounce at the support level 2061.

28June 1832 Daily

Here is the 15 minute view.

28June 1829 15m

 

With this kind of move, there is bound to be a bounce of some sort, but we’re just getting going.  Volume is tepid so far at less than 100,000 contracts, but I thought you would find it interesting.

More later.