Charts I’m Watching: Mar 9, 2015

Last week’s charting worked out well, with the H&S Pattern and price targets we forecast Wednesday Mar 4

2015-03-04-SPX 60 0652…playing out nicely by Friday.

2015-03-09-SPX 60 0600USDJPY reached our 121.12 target a few days ahead of schedule — which, unless the previous high is at least tested, will leave it with little levitating power.

2015-03-09-USDJPY 60 0601And, CL is showing few signs of being ready to reverse just yet.

2015-03-09-CL 60 0630Aside from the ECB’s QE finally starting, and a couple of Fed president’s speaking today, I don’t see a lot that could change Friday’s intermediate-term forecast.

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