Chart on Emini S&P 500 (1-hr)

The Emini S&P 500 spiked to the upside about 7 points into its futures closing, with a settlement of 2064.50, just above the 2064 level that I consider to be a very promising close for today's session.

 

If the index can follow through to the upside and claw its way above this morning's intraday high at 2070.50, the bulls again will be in the directional drivers seat.

 

A sustained climb above 2080 will confirm that another significant corrective low has been established -- this one in reaction to the Greek No vote.