Another Pause?

As we discussed yesterday, the key to new highs was CL breaking out of the rising channel it’s been in since May 18.  Yesterday, it did.  And, SPX had no difficulty in reaching our next upside target.

As expected, however, USDJPY’s rising channel broke down (a much more legitimate occurrence, I might add.)2016-06-08 USDJPY 60 0555Can stocks maintain their upward momentum with the pair on the decline?

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