At Last

The long-awaited final movement of the analog we’ve been watching for four months is here.  Originally floated on Mar 27, it has done a bang up job of signally the USDJPY’s moves which, in turn, have helped tremendously in our daily forecasting.

Though I’ve vacillated on the target price over the past couple of months, the timing looks to be rock solid.  From our June 8 post:

2015-06-08 USDJPY daily 0630

The next key date as originally forecast several months ago is this Wednesday, July 29.  USDJPY is already tumbling… 2015-07-27-USDJPY daily 0605…and, as we discussed last week, NKD is tumbling right alongside it — getting closer to that dreaded H&S Pattern we’ve anticipated.2015-07-27-NKD daily 0605SPX reached our next downside target on Friday a few days ahead of schedule — which means that target was probably too conservative.

While there will no doubt be bounces along the way, the key is to remain short until we reach our next downside targets posted last week.  It will probably be scary, but it should be a very profitable week.

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