At the end of the day explosions like these end up having geopolitical implications. While it may not be tomorrow or next month, I believe that if Greece leaves the EU they will be tempted by Putin who must be standing by and laughing at all this.
We could have a new all-time high in the Nasdaq as soon as tomorrow. I don’t put the same weight about all-time closing highs that some technicians do but the highlight of the week was the closing high for the Nasdaq.
To understand the time element of technical analysis one has to understand what makes a market change direction. On the surface we can all go back to Econ 101 and say the supply/demand perspective changed and that is true. But that is not always the case.