SPX should reach our next downside target today — even if it is two sessions late.

DXY has tagged its next downside target.  USDJPY is fast approaching its target.  Oil even broke down as expected.  All it took was a hurricane of historic proportions and the threat of global thermonuclear war.

continued for members...

The keys today: if USDJPY can bottom out……along with CL.  Recall our downside target has been 45.25 for the past month or so.  Though the channel lines argue for a slight overshoot, possibly 44.85ish.

SPX should have no trouble reaching the .618 at 2431.65, with the red .886 just below at 2421.62 and the larger .886 at 2415.41.It might come down to how well they can continue to suppress VIX.

Note that this morning’s bounce — which has no justification in Fib terms — was brought to us by the midline of the falling gray channel. I’m out again, today, but should have a chance to do a postmortem later this evening.

GLTA.