Charts I’m Watching: May 4, 2015

CL is taking a dive this morning…

2015-05-04 CL v DX 60 0615…as EURUSD continues to back off after reaching our upside target…

2015-05-04 EURUSD v ES daily 0615…and USDJPY clings to safety of the .618 Fib at 120.11 — providing cover for all manner of “adjustments.”2015-05-04 USDJPY daily 0620The eminis are up 5.75 primarily on the yen’s weakness and Friday’s algofest which saw SPX break through overhead trend line resistance and rise above the neckline of the H&S Pattern it completed the day before.

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