Greece should not have been allowed in the first place. They have borrowed and overspent and voted in a communist to offset the austerity measures. The current crop are idiots, frankly.
They need the boot. Plain and simple. Then their country will be reasonably priced to visit, and their economy can rebound. They have to stop the retirement at age 50 with full benefits (among a whole host of other things). After Greece, there is France, Finland and Ireland that will go into debt default.
Squeeze it. This is a battle between two algorithms. The bull axe(s) have a floor at 1.6 now and add a couple of cents a week. The bear algorithm is not fighting it. The big "block trades" are negotiated outside the action and the trade occurs during the trading day (this is why the needle doesnt move when +200k cover trades go through.
But the bull axes are controlling this action - will they trigger the "cover" portion of the bears algorithm? Lets wait and watch!