Edit: It looks like the “No” vote has won as of 4:30pm EST (61% to 39%). Now we still need to be on the lookout for the possibility of some type of deal as the week progresses. (I put the text in bold of what might be the likely scenario tomorrow.)Here are some links to the Greek voting results and the emergency measures in China.
On the Daily chart, we have a small bear flag formation. A break of 206.50 would bring us to test the 205 low which would likely not hold. We would then be on the way to the 61% target at 203.
For tomorrow, a gap up (with good Greek news) to 209 or so could still be a good short, but strength over 210.5 should make bears very carious. If we gap down (with bad Greek news) it would not surprise me if we rally some into the close because some of that news has already been priced in.
My medium term models are bearish.
My short term models are bearish.- Trader Tony