Nice little sell-off on ES, reaching potential support at the channel midline near 1800.  This will delay the march to 1823, as the red channel obviously is  now obviously kaput.

Like the USDJPY, this is a small scale double-top after a rather anemic reaction at the .786 and .886.

continued for members…

UPDATE: 12:50 PM

The best looking support IMO is the red .618 at SPX 1794.13.

A closer view on the 15-min scale, looks like a few options as to H&S Patterns…

UPDATE:  3:10 PM

As the afternoon progresses, it’s looking more like a .500 retrace for SPX to 1796.32 — possibly staying north of the Dec 4 of 1796.36.  Watch out for 3:34 (AKA 12:34.)

Interesting point on the EURUSD: a major channel midline and minor channel top after completing a Bat Pattern.  Sacre bleu!