Charts I’m Watching: Oct 9, 2017

Today’s a bank holiday, but most markets are open — albeit with very low volume.  Thus, it’s a great day to slip in a little ramp job through resistance while no one’s watching.   VIX’s 8% plunge off Friday’s highs got things off to a good start.  But, has since bounced back and is approaching our upside targets.  continued for members

Futures have slipped 4-5 points higher, primarily on USDJPY.  SPX would need to shed 12 points before the breakout past Fib resistance is damaged at all. USDJPY, so far refusing to give up any ground despite the rising channels breaking down.

DXY, backing off 94…

CL continues to test its SMA200, while RB is testing its SMA50.  This is important support for both;  They should at least bounce. And, gold bounced nicely off our downside target.I’m going to take the day and work on moving stuff.  I’ll get some more charts posted later this evening, but for now I’d continue to focus on RB and, to a lesser extent, CL.