More Where That Came From

In yesterday’s A Failure to Capitulate we chided the market for its failure to make good on the downturn signaled by our numerous bearish charts. For once, the market gods were listening. Futures are off 85 points from recent highs and teasing us with the notion of a — brace yourself — drop below the 10-day moving average. While we await the next breathless vaccine announcement or congressional handout, note that VIX popped up to our first upside target……and USDJPY is finally breaking down.Don’t look now, but AAPL is even making nice progress following its Fib tag. Is there more where that came from?