A.M. Update

Other than the Asian Express and some ECB excitement boiling over from yesterday over 50% dilution of Greek Central bank collateral which would wipe out the Greek Financial sector once and for all, which was later denied by ECB sources, US futures have recently come alive as the small dollar bounce mentioned last night before it turns lower is lifting USD/JPY and Futures near perfectly in line.

 ES 1 min futures, 3C positive at the small "W" morning lows starting about an hour after Europe opened.

So is today the USD/JPY helps the SPX limp out a head fake move above resistance finally?

Stay tuned.

Also oil is seeing that little bounce mentioned yesterday so I'll keep an eye on it and let you know if/when that entry or second shot comes around... More in a few minutes,,,