Charts I’m Watching: Jun 16, 2014

Stocks have some decisions to make this morning.  Key channel for ESU4:

 

2014-06-16-ES 4hr 0640

The close-up:

2014-06-16-ES 5 0640

As long as the BOJ is explicitly managing USDJPY, it will probably continue to move sideways.  But, sooner or later, it’ll have to either break out or break down below the SMA200.

2014-0616 USDJPY daily

Comments

Charts I’m Watching: Jun 16, 2014 — 1 Comment

  1. SPX is still working on the daily bearish deep crab PRZ 1955, I’m still short looking for a target of 1888, must admit we’re getting a ‘magical mystery tour’ to get there, lol…