Charts I’m Watching: Oct 13, 2014

My cynicism was well-founded, as SPX did fade into the close Friday, nearly tagging the SMA200 (1906.25 v 1905.22.)  Will the market erase the Sunday ramp job and finish the job, or was that close enough?  Not sure, but it appears things are oriented toward a sizable bounce.  Just be cautious for a dip on the opening to trigger the stops and justify the MA bounce.

USDJPY tagged not only the .7886 but the .886 as well.

2014-10-13-USDJPY daily 0624

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