At Monday’s morning we observe a mixed flow of news from the global markets. On the one hand, Chinese authorities used a cut in reserve requirements to restore some kind of economic confidence against the recent portion of weak data. On the other hand, positive market reaction was unconvincing due, as it seems, to continuous election crisis in Greece.
Meanwhile S&P futures have been approaching a dangerous support level at 1340 points. In the case of breakdown we see a reason to reenter the previously closed short positions. Saying that, we should notice that we do not concern with the Greece situation, this is only a matter of risk management.
