SPX came within a few points of our next downside target yesterday. I suspect we’ll nail it in the opening hour before getting a significant bounce. All of our targets from last Monday remain unchanged.
Going around the horn, USDJPY won’t hold off much longer…
…CL continues to weaken…
…and, EURUSD is pausing in a backtest before the next leg down.
A reminder of our downside targets:
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