The Waiting Game

It’s day 4 of the nearly complete IH&S.  USDJPY, a drag on equities for much of yesterday, apparently got the memo and is threatening another breakout.On the other hand, CL and RB – yesterday’s algo treats – are slumping and VIX remains non-committal.  Put it all together, and SPX/ES remain within striking distance of a breakout.  But, there’s been absolutely no follow-through.  I suppose the absence of an affirmative statement is the statement.

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