Charts I’m Watching: Jul 24, 2015

SPX came within a few points of our next downside target yesterday.  I suspect we’ll nail it in the opening hour before getting a significant bounce.  All of our targets from last Monday remain unchanged.

Going around the horn, USDJPY won’t hold off much longer…

2015-07-24 SUSDJPY daily 0615…CL continues to weaken…

2015-07-24 CL v ES 60 0615…and, EURUSD is pausing in a backtest before the next leg down.

2015-07-24 EURUSD daily 0615A reminder of our downside targets:

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