The website is undergoing some maintenance today. If this site acts up, I’ll use pebblewriter.blogspot.com until the issues are resolved…
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USDJPY has either completed its run or has formed a flag pattern that signals higher.
ES had a nice move yesterday, but needs to move south of the rising white channel in order to confirm our downside case. In the absence of a move lower, we should get a retrace of the 1823 lows, ideally to the purple .786 at 1832.92.
UPDATE: 12:20 PM
We’ve retraced .786 of yesterday’s plunge, a reasonable place for a reversal and retest of the downside. The .886 at 1864.59, however, would provide another tag of the purple channel top.