I think we are going to find lots of resistance at this level. I think we can only move remain above 30,000 if Greece receives more than 75% of bond swaps by tonight dead line. However, Talks of QE3 coming early to the party - maybe the FED knows something we don't (i.e. Greece will default).
sorry, forgot bout that, personnally I just trade the charts, not very good with trading news. Everytime Greece has come out with news good and bad, either I called it wrong or nothing happened. So sticking to my targets and stop losses.
QUOTE: HONG KONG (MarketWatch) -- The International Swaps and Derivatives Association Inc. said Friday that it has received and accepted a question related to a potential credit event concerning Greece. The ISDA EMEA Determinations Committee will discuss and determine whether a credit event has occurred, requiring a payout to those who held credit default swaps as insurance to protect themselves in the event of a Greek default. The Committee will meet at 1 pm GMT (8 am ET) on Friday, ISDA said.