The exclusive Markets Morning Report is supplied by The Precision Report.
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.
Click above images for larger size.
b English at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org