SPX continues to sell off, if tentatively, since we called for a reversal after Monday’s Bat Pattern completion.
But, it hasn’t yet left the comfort of the rising gray channel and is back above the purple channel midline. For now, the all-is-well meme is staying alive.
Along the way, VIX revisited the yellow channel bottom……while USDJPY bounced where it needed to……and, CL kept its rising channel alive. With Greece acting as the canary in the global financial markets coal mine, can we really tell what’s coming next? There are a few clues.
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