I want to highlight the important timeline which I posted few posts back again, as I think it's important for every readers here to know.
17th Jun( this Sunday): Greece new election
18th-19th Jun( Mon & Tue): G20 meeting, where the 20 major countries leaders will discuss financial and economic issues.
19th-20th Jun( Tue & Wed): US Fed FOMC meeting, Fed committee will discuss interest rate, and possible economic stimulate plans.
The immediate question is what will happened if some bad news from the greek? what actions will the leaders and goverments around the world take or prepared to take? I don't know but I think there are great opportunities for investors and market will be watching closely.
STI basically flat yesterday, it trapped between 2780-2800 range the whole day, waiting for new direction. In US, SPX and DJI retreated a bit at their resistance level, but not massive selling yet.
Will update you again.
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