Simply stated -- bears better wake the f%ck up right now or we're headed much higher. Gap up overnight on news out of Greece that the latest bailout is a no-brainer for the private sector has equity greedy once more and already running through Fib lines like they are paper thin. Wait one moment --- didn't Greece actually technically default last week? Bah. That's so last week. Let's buy!!!!!
There is still some moderate hope for the bears so long as we don't take out the top at 1378. I'm not holding my breath though.
Resistance lines are 1363 (gap from 3/6 and 61% Fib retracement) and 1369 (gap from 3/5 and 78% Fib retracement)
Support lines are 1353 (gap from this morning) and then 1345 (34 dma) and 1340 low from 3/6.
Good luck out there.
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