Amazon and Visa earnings should weight on markets today, but USDJPY is making a bid to blow through resistance. This is critical, as the entire yen carry trade is at stake. It was easy enough to burst through resistance overnight…
The daily chart shows the 100 and 200-day moving averages coming up on a potential cross, which would leave the 10, 20, 50, 100 and 200 all in a bearish alignment.
ES has completed a little H&S Pattern, but has more downside potential if it’s permitted to get going.
UPDATE: 2:00 PM
ES tagged our H&S target, might be aiming for the Fib cluster at 1963-1964 (SPX 1968-1970.) Decent channel support there, too.