Good news is bad news, bad news is good news and it's all about market sentiment. I'd be prepared to go long, only after the market opens at ~2050 but we'll probably see a whipsaw type of movement until the Greeks sort their stuff.
The GDAX looks near fully priced to me. If it goes near 9,900 I'd be inclined for a quick short.
Make no mistake here, if your holding a DAX position on the 22nd next be prepared. An announcement by the ECB about QE would start to seep out about 1 am Brisbane time.
There is a struggle going on within the ECB with Germany and few others voting against QE (the reasons aren't important here).
If they capitulate the DAX will be at 10,500 in a blink and if Draghi can't QE the market could well head to 9,500 in half a blink.
My stupid indicators are still down but this is not the time for screen gazing.
I'll short it because if it gets to ~9,500 it should roll over quite quickly. A tight stop will fix it going the other way.
