Remembering

This day means something different to each of us.  For many, it’s a touchstone: a reminder not to take life for granted, to make thoughtful choices.  Wishing all of you a thoughtful day…

Don’t judge each day by the harvest you reap, but by the seeds that you plant.
Robert Louis Stevenson

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The USDJPY has backed off the .786 Fib line (white) and the purple channel midline and appears set to backtest the broken white channel top.

DX bounced nicely off the rising white channel bottom on Monday, backtesting the falling white channel midline in the process.  It’s due for its rally to resume, but hasn’t yet made up its mind.

And, ES has slipped below its red channel midline and backed off yesterday’s highs in the process.

I’ll explore a short position here at 1681 and see if we can put together a few points to the downside to flesh out the red channel — the bottom of which is currently around 1667.  Stops around 1683.25.

The 4-hr chart, as it often does, puts things into perspective a little better.

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