Charts I’m Watching: Feb 5, 2013

The dollar is taking a breather after a strong reversal off the latest .886 and channel bottom, but appears ready to break out.

The EURUSD back-tested the broken channel line and rising wedge lower bound, and is likely about done.

SPX fell 19-pts after we shorted last Friday.  We positioned for an intra-day bounce, but SPX added only 4 points before falling back to complete a little H&S pattern at the close.

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