SPY Update

 The daily chart of the SPY looks pretty bullish from a price perspective, closing in on resistance, but I think the lack of volume and the fact Financials are lagging (there's not broad sector participation) is indicative of nervousness about the Greek intermediate austerity vote expected tomorrow. The market seems to be n a very cautious mood.

 Here's the 50 bar m.a. on a 5 min chart, which the SPY has been reacting with very well, a pullback below the average would likely reflect the nervousness about the Greek vote which will dominate trade this week, thus my Sunday night warning "Be nimble"

 Volatility is choking up right now, which is often indicative of a directional move, I'm guessing that move will be down from what I'm seeing, meaning the market looks overstretched and there isn't financial sector participation. A move up would be highly suspect at this point.

And 3C has shown pretty good confirmation today, it's now in the negative.

For short term traders, you might consider a quick trade with something like SPXU, SDOW or SQQQ, but you need to be nimble and I'd certainly use a trailing stop.