* * * * *
Since reaching our Mar 17 upside target and generating a sell signal last Friday, SPX had gone virtually nowhere — until the last few minutes of yesterday’s session, when it suddenly gave up 8 points or so.It was a tug of war all day, with rising oil and EURUSD providing cover for a falling USDJPY.There are three troubling developments for bulls this morning. As the chart above shows, USDJPY’s rising white channel has broken down — at least for the moment. And, CL has reached the top of the falling white channel.
Sorry, this content is for members only.
Already a member? Login below…