Still on the road, should be back late Wednesday. Lots of squirrely moves in the markets lately, with yesterday’s ridiculous mid-day spike likely algo’s running amok. But, these are the key charts to watch.
SPX’s H&S Pattern is still in play — backtest either done or nearly done. The wave down from 1872 is slightly shorter than the first from 1897…
…but was slightly longer in ES. Its 4th wave declined to overlap its 1st wave down early this morning.
USDJPY has held the red channel bottom so far, and is making noises about an IH&S. But, it will continue to be constrained by Japanese equities.
And, the 10-year is still back-testing the broken red channel midline.
Even with all the noise, our targets are still intact. GLTA.