Red line (Smart Money P/C Sentiment) is near zero, so I'm expecting a bounce by tomorrow afternoon. The same chart in longer time frame is shown below.
I'm expecting (b) down near 1292 SPX with (c) rally into July2, near 62Fib area (SPX - 1362). July 1 is a major Gann cycle date. Tomorrow is also 13 days (fib zone) after yearly low. Friday is 14th day which Gann said to watch for a major reaction, especially given the Greek Election is on 17th Sunday.
So tomorrow I'll sell the remaining short position into weakness and then scalp for a possible bounce. Friday, I'm expecting final (b) wave down.
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