Charts I’m Watching: Aug 23, 2016

It was a pretty quiet night, yet the futures still managed to levitate 15 points off their lows for no particular reason.  CL continues its decline, and is about 2/3 of the way to our downside target.  USDJPY, which hugged the underside of a rising TL all day yesterday, broke down overnight.  And, VIX is just a mess.

The problem is the Nikkei, which spiked 130 points last night, only to almost immediately plunge 215 points before returning to its starting point.  Talk about mixed signals…2016-08-23 NKD 5 0600

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