Market getting pushed around buy the Dollar which is affected by the perception of the US economy weakening. The Greek Debt negotiations increase worries about the Euro zone and therefore the global economy. China’s stock market is a rocket, but the the China GDP doesn’t seem to validate the move.

The Dollar has started a move down.
The 30yr T-Bond is searching for direction.
Crude is in a move up.
Copper is trending sideways in channel.
Gold is also in a channel.

The Euro futures are up in the face of a possible Greek exit.

S&P 500_

Monthly – Trade pressures remain up. Next target up is 2189. Volume is light and decreasing.

Weekly – Trade pressures are up. Volume bullish. Next target up is 2254.

Daily – The upper channel 2100 boundary stopped the short cycle retracement move up.

The trade is short from the March short entry of 2062. The next target down is 1985, which is also the 200 Day moving average.

Trade pressures are down. Volume is now bearish changing from the prior week’s bullish. The 80 Day moving average has been support for this year. A break below would signal a change in momentum.

Would need a break above the 2100 to signal higher for the S&P 500 futures.