Your MUST-READ Morning Stock Futures Cheat Sheet: Worries mount

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The Precise Take –  Worries mount

Big Picture Analysis – After heading lower early yesterday, the ES rallied into mid-day, but once again stalled and closed near the lows.  The overnight range has exceeded yesterday’s day session in both directions and, after a slew of reports this morning, the ES is heading lower again.  There are a couple of releases at 10:00 am EST this morning, but we might see the markets continue to be driven by headline risk out of Greece.  The markets are oversold on a short term basis, so we see either a bear trap opening, which closes above yesterday’s high today, or materially lower lows, which gets the market oversold-er.

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