MichaelBogoevski
Long

SPX - 2150 - ZONE OF CONFLUENCE

FX:SPX500   S&P 500 Index
29 0 1
Now that we have the Greece situation starting to slowly mend, I am looking for markets to start finding a new equilibrium related to fundamentals again.

Here we have 2 ABCD patterns coming to the figure of 2150.

Sequence 1 Red ABCD Extension (161) converges with Sequence 2 Blue AB=CD (100) @ 2150.

This is the cash market version, so will do the same to the front month futures (ESU2015).

You should also note last nights sell-off in bonds, both Bunds and Treasuries, whether it was a Greece-risk-off scenario only or something else. 10/30s now at magic numbers ~2.50/3.25.

We are at some very important cross-roads for those that trade macro themes across asset classes.

We wait patiently!
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