Final day of my road trip…  I’ve had a great time seeing clients, many for the first time.  Many thanks for all the hospitality and lively discussions!  Having spent much of my life in New York and Boston, I’ve thoroughly enjoyed visiting many smaller communities and getting a better sense of life outside the big cities.

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SPX’s long-awaited pause appears to finally be here, though as noted on Friday the SMAs aren’t quite in position for much of a decline.

continued for members…

USDJPY is still hanging just south of the .886 and is going sideways.

While, CL is in position to break out or down in terms of the falling white channel which, in itself, is a breakdown of the rising purple channel which began on February 11.DX continues to flirt with a break above the SMA200 after having broken out of the falling white channel.SPX’s SMA10 remains just below 2138, so my hunch continues to be that we won’t see much of a decline until the index can backtest both the key Fib level and the SMA10.  It will happen intraday today, but today’s close should see the SMA10 top 2138.My intermediate upside target remains 2180ish, with the white 1.272 at 2223 being the next higher target in the event of a breakout.