Charts I’m Watching: Jul 15, 2014

Nothing new since yesterday’s chart.  Retail sales disappointed, Portugal’s banking crisis is worsening, etc.  The futures shook it all off because Yellen is testifying today, and nothing else matters.  If it’s like past testimonies, the Q&A will reveal nothing new; and, if there’s any kind of sell-off, it will be aggressively bought via USDJPY ramping and VIX pummeling.

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