Charts I’m Watching: Feb 19, 2015

Not to sound like a broken record, but it’s all about oil and the USDJPY this morning.

CL broke down overnight, but has found strong support at: (1) the bottom of the purple channel we suggested several days ago; and, (2) a combination of Fib levels including the white .786, the purple .382 and red .618.2015-02-19 CL 60 0625While, USDJPY has broken up through the pennant’s upper bound yet again — blunting the effects of oil’s slump.

2015-02-19 USDJPY 60 0625

SPX still hasn’t broken out of the red channel.

2015-02-19 SPX 30 0625continued for members


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