Quick update on the overnight action before the update continues from Friday:
ES completed its Bat Pattern at 2122.63 and officially paid off our IH&S that completed last Monday…
…thanks largely to USDJPY which, from all appearances, has settled above the red channel midline.
EURUSD stabilized over the weekend, though we’re probably no more than a day or two from our downside target.
With the yen and euro both settling lower, the dollar continues to show strength. It’s a good place to pick up on the short-term and intermediate forecast.
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