The best to the point recap for today comes from Mark from MarketMontage (emphasis mine),
The market remains a mess right now as we are back to the environment of latter 2011 and middle 2010 where random comments from officials across the Atlantic move everything en masse. Today the market was hit by word that preparations for Greece's exit from the EU are being considered.
Of course a denial by another official would send the market up 1% immediately. Rinse, wash, repeat – year #3.
The bigger picture right now is all stocks are moving as one asset class as our massive correlations return. Until that changes it is very difficult to bother to be a stock picker.
According to IBD day four+ from the bottom is when we are looking for a fresh accumulation day to confirm a bottom has been set into place. Something to keep an eye out for heading into the end of the week.
Stay frosty out there.
And here is a good look at Gold courtesy of the StockCharts.com blog. If Gold breaks below support, the next support area is down at the 135-138 area.