Squeezing in a squeeze.

Time was almost up for up.

This morning”s 2084.25 bias-down target was probed by 2 points, but recovered in time to avoid renewing the bias-down signal. A surge soon entered a narrow range around at 2090.00-2093.00, ranging around the 2090.75 bias-down signal.

Then the bias environment began lapsing at 11:30. Then the bias environment finished lapsing at noon. Then half of the noon hour elapsed… Finally, just as a dip began attacking sell signal, an anti-Grexit headline claimed an accord had been met, according to a Greek source.

Another Greek official quickly denied his earlier comrade. The 5-6 point surge to 2097.00 and 2098.00 hasn”t yet been reversed. But it”s certainly underperforming the Euro, which recovered the open”s gap down back up to recent highs.

Headlines aside, the recovery attempt is much delayed beyond optimal timing. Already having entered the noon hour within the open”s range will undermine the credibility of any recovery attempt. Even triggering this afternoon”s 2095.50 bias-up signal would be suspect.