Stocks have some decisions to make this morning. Key channel for ESU4:
The close-up:
As long as the BOJ is explicitly managing USDJPY, it will probably continue to move sideways. But, sooner or later, it’ll have to either break out or break down below the SMA200.
SPX is still working on the daily bearish deep crab PRZ 1955, I’m still short looking for a target of 1888, must admit we’re getting a ‘magical mystery tour’ to get there, lol…