I hope everyone had a great Thanksgiving.  It should be a quiet day, today, with things continuing as discussed on Wednesday.  I’ll post a few big picture charts, and follow up with updates on EURUSD, DX and USDJPY.

continued for members…

The big picture on ES illustrates that the new highs have eliminated all of the downward pointing harmonic patterns.

The bulls aren’t completely out of the woods, and won’t be until the rising white channel connecting the May 2015 and Aug 2016 tops has been ditched.  That’s the objective for the next few days — to melt up through this resistance and not look back.

Even though USDJPY is backing off a bit today, it’s probably just backtesting and will revert to melting up as need be.

For its part, CL continues to move sideways as it has since the 21st.  The rising red channel has broken down, but CL’s being propped up atop the yellow neckline, and could hang around there until the news out of Vienna on the 30th.

Here’s the big picture on SPX……and, the close up.  Even a few points today and Monday will constitute a break out of the big white channel.