How " NO Vote" will impact market on Monday ?

SO it is a "NO" vote by majority. speculation is that it is 61% No.

Greek official are confident that they will have a deal with EU / ECB / IMF within 24 hours.....

Even IF there is an agreement by end of Tuesday, markets will be shaky on Monday, unless ECB makes a firm statement about imminent deal, which i doubt it.....

It is still all about strategy, a YES vote would have been more problematic, as new election had to be called, thus more delay and uncertainty.

Any agreement has to go through approval process by many assemblies, which takes time, Europe is in vacation mode in summer.

Dow and S&P 500 is below 50 DMA while Nasdaq is above 50 DMA.....

Any weakness should be bought, as it may be the last time we have this kind of slump in worldwide markets.

China is the trouble spot, with prices collapsing in Shanghai....

That may become new "bear trap"

We may be nearing an end in Chinese sell, sell ,sell mantra.

Many strong stocks have taken a sharp slump in this turmoil, but they may comeback with sharp UP moves.

This Greece situation has been a long drawn out situation, hopefully it is coming to an end. The damage to worldwide equities have been enormous.

BLOG does NOT give buy or sell.

Saleem