Editor’s note: Serge Berger, the head trader and investment strategist for The Steady Trader, will be providing the Daily Market Outlook until Sam Collins returns on June 27.

If a picture is worth a thousand words, I’ve got 5,000 words for you. The five charts I will discuss today paint the current landscape of the market.

Stocks and commodities rallied yesterday, as hope is eternal that the Greek story will have a happy ending. Out of the major indices, it was the Russell 2000 small-cap index that made the biggest move higher (2.27%). Of course, small caps have a higher beta, so relative outperformance/underperformance versus the S&P 500 is typical.

In yesterday’s Daily Market Outlook, we pointed out the downtrend resistance, and low and behold, it broke in yesterday’s trade. The index stopped exactly at the May lows, which now serve as the next major resistance area.

The S&P 500, too, broke out of its downtrend resistance, and as we said yesterday, a close above that 1,290 level in style (check) would make us relatively more bullish. However, now the SPX is exactly at its April low of 1,295. Nonetheless, the market has had follow-through to the upside, and important sectors and stocks are looking somewhat more constructive. Even the financials, which lagged yesterday, at least did not see significant downward momentum.

The VIX is back in the teens, which is somewhat concerning and suggests complacency regarding the Greek bailout.

The U.S. dollar, which put in a higher high in early June, has come off some in recent days due to its inverse relationship to stocks. It is, however, now tickling the 50-day simple moving average (SMA) from the upside. The 50-day SMA has historically at least slowed the dollar index down somewhat, so it is a level worth paying attention to.

Finally, let’s take a look at the semiconductors via the PHLX Semiconductor Index (SOX). After taking an ugly dive earlier this month, it has stabilized. Note Monday’s doji candle, followed by today’s strong move up, which took out Friday’s high. If the SOX can overcome this immediate resistance area, it would be another check in the positive column.

Today, much hinges on the market’s reaction to the Greek vote. This most recent bounce off last week’s lows was tradable for the aggressive trader. Now, somewhat of a basing pattern has been traced, and that “easy” trade is over. The market must really get its act together to move higher from here.

For one stock set to take out its pre-recession highs, see the Trade of the Day.

Today’s Trading Landscape

To see a list of the companies reporting earnings today, click here.

For a list of this week’s economic reports due out, click here.