Charts I’m Watching: Oct 6, 2014

The key remains the USDJPY, which slid overnight after retracing to the .886 but has recovered in the past hour.

2014-10-06-USDJPY 60 0600

It will get SPX up over the white channel midline, and might provide it the opportunity to test some of the higher resistance such as the H&S neckline (1978)– assuming it can blow through the SMA50 at 1975.

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