Charts I’m Watching: Jul 23, 2015

SPX just reached our next downside target: the SMA50 at 2102.57.  From Monday’s forecast:

Initial support is at the .886 at 2124.37, followed by the purple channel top at 2119 and SMA50 now at 2102.

2015-07-23 SPX daily 0922It could get a bounce here, but there are several lower targets that will easily come into play if USDJPY cooperates.

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