Keeping an eye on the Thai baht, the yen and the euro this morning now that the ES has completed its Bat Pattern and likely its 2d wave.
One interesting chart that demonstrates the enormous lengths to which market makers are going to frustrate and fleece those seeking to follow the new trend I believe began after the market topped out on Jan 2:
continued for members…UPDATE: 2:25 PM
So far, so good. There’s a potential turning point coming at ES 1820 and SPX 1825.
USDJPY might see good Fib and channel support at 102.73-102.82.
UPDATE: 3:07 PM
USDJPY holding at the channel line, but equities taking it to the next lower level. Poss SPX support at 1813ish.