Charts I’m Watching: Mar 2, 2015

Friday saw a repeat of the SMA10 test, but this time SPX closed slightly below that support.

2015-03-02-SPX daily 0600The futures are holding their cards close to the vest this morning, with ES off about 1 point.  USDJPY is going mostly sideways…

2015-03-02-USDJPY 60 0615…while CL — off 1.5% — continues to hint at a retreat to the .786 or .886.

2015-03-02-CL 60 0611We’re examined the timing of breaching important resistance many times over the years.  If the past is any indication, SPX isn’t quite ready to make its next major move.

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