Market Spiking On Rumors

The market started where it closed yesterday and went up to stall under yesterday's highs. A base formed but price couldn't break higher and instead broke down with little over 90 minutes left in the session.

The last hour started and a rumor was spread that Central Banks are preparing coordinated action to provide liquidity after Greek elections if required. Indices shot up about 1% in less than 5 minutes... only to loose almost all again. In the last half hour there was another rally-attempt. It kind of worked, but 134-134.50 is now a big resistance area for SPY.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Metals weren't doing that great today with silver down big on the open (but it made back more than half of the losses). Gold and copper were up slightly.
Oil had a wonderful day, outperforming indices (+2%). But it still has a lot of catching up to do...
The euro reclaimed the 1.26-level, let's see how much higher it can go.