Rocketman

Visual Clues of a New Bear Market Brewing Ahead

AMEX:FXY   INVESCO CCY SHS JAPANESE YEN TR JAPANESE YEN SHS ETF
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Visual signs of a new bear market brewing ahead is spilling over into Yen repatriation or safe haven flows. This may send the dollar down in the beginning as well, but the dollar is also a safe haven currency. Eventually, the US Dollar will rise also.... so the idea goes.
Comment: A picture tells us how people feel. Using intermarket analysis, I expect a move in the SPY to the downside to occur next if we are given a dovish tone in Yellen and Brexit fears grow more.

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