Is it Safe?

is it safeIs there any amount of CL ramping that can compensate for what’s going on in USDJPY?  Apparently so, because the eminis are off only 10 points in the midst of a USDJPY bloodbath. Were it not for CL’s coincidental 1.25% rally, it would be much, much worse.

SPX tagged yesterday’s target, then eased a little lower still — meaning the next downside target was probably in play.  Look for it to be nailed in the opening hour.

BTW, don’t watch the above clip if you’ve a dentist appointment any time soon.  Otherwise, it’s a masterpiece.  Enjoy!2016-04-29 SPX 5 0615After that, it’ll depend on when the BoJ blinks.

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