More Meltup: Dec 11, 2017

The past week saw ES retake its broken purple channel, then decisively break down, and, now, rally to test it all over again.  It’ll be interesting to see where it ends up when the music stops.The past few days have been driven primarily by the latest breakdown in VIX and breakout in USDJPY — nothing new.  Yet, for bears, there’s perhaps a light at the end of the tunnel.

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