Closing Market Update

SPY intraday is close to breaking it's intraday trendline, the Euro weakness is not helping. In fact the Euro weakness is a sign of uncertainty regarding Greece. I think Sunday when the FX markets opened, they expected a much more positive atmosphere from the EU regarding the Greek vote then what we have seen and as such, the Euro is giving up its gains on that uncertainty, which certainly has a direct influence on the market, which did nothing technically important today other then fill some gaps.

 Here's the DIA which has worsened since the last market update.

 The Q's are a bit worse intraday, the bigger picture of the last several days though says more then today alone.

The SPY has probably seen the most significant afternoon deterioration.

Here's ES, which as I pointed out earlier today went negative pre-open, it's turned leading negative in the last hour or so and looks to threaten a new low later tonight, probably in after hours.