The plate is full for the next 48 hours, as the U.S. Federal Reserve will conclude their two-day meeting in less than 24 hours. If the Fed doesn’t give a clear signal when they plan their first rate hike, there might be a sell off. No hawkish language without the actions to back it up. That would be cheap talk, wouldn’t it? With all the Greek drama and the wobbling U.S. economy, no one expects the Fed to increase the benchmark rate at this meeting, or until September. But, you never know!

After that, the focus will be shifted to the June 18 meeting in Luxembourg of the euro-area finance ministers, known collectively as the Eurogroup. Someone needs to tell Greece Prime Minister Alexis Tsipras, “Behave nicely or else!”. The IMF debt repayments of 1.6 billion euros are due by June 30. Germany and the other eurozone countries have already prepared their Plan B. Greece seemingly has neither a Plan A, nor a Plan B, on debt. 

The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The market is telling you that it wants to move higher. But don’t hold your breath!

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