Charts I’m Watching: Mar 12, 2014

The bulls should try to support the e-minis at 1853 — a smaller scale .618 and channel midline.

But, SPX also has support at the .500 — the midline of its rising red channel.

USDJPY should seek support at the white .500 at 102.48.  If it fails, we’re back into 102 watch mode — with the .618 at 102.18 as the most likely target.

If all these .618’s don’t hold, things should get interesting real fast…

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