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.