Charts I’m Watching: Jul 15, 2015

Yesterday’s algo-driven meltup went straight to our upside targets and sat there.  So, our targets are essentially unchanged from yesterday morning, which are essentially unchanged from Monday.

2015-07-15 SPX daily 0619An hour ago, Janet Yellen confirmed the Fed’s plans to raise rates sometime later this year (they won’t.)  And, this seems to have taken the bloom off the overnight ramp job just a bit — though USDJPY is more than making up for it.

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