Overnight, no resolution for Greece debt and China market dropped 7%. US market is still in orderly auction. ES tested lower side of CHVA at 2086 and it held. It closed back into 2096 which was better than the last tow days of sell off at closing. My scalp positions got some room to breath. I should be OK if no shocking news over the weekend. Of course I am prepared to rollover if any of my positions are threatened.
Grains surprised me with a strong upside overnight. Apparently traders in Europe were buying on US's bad weather. Wheat went up over 5%. I suspect it was a strong run for short covering and pinned 560 instead my guess of 530. Corn had about 2.5% run up as well. I sold 2 calls of 470 for July. Some of my wheat calls are now under water. I will deal with them next week before USDA Ag production report on June 30.
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