Could be lining up for a harmonic ABCD move like the SP.
Price then have to exceed the 78,6 retrace for creating the chance of make it to the SHS neckline. This is a must and comes in at 11.637.
Remember the SHS is ONLY active when neckline broken
From there we could see a possible target at around 12,800. This could be the very story being told - through a chart - of the Greek issue being solved.