so question is, do we complete yet another triangle bouncing off the trend channel bottom, or do we break through that support and get this correction over with, heading to the long term support. Tomorrow may see a rest of this down turn, but may not take long. Friday NFP is key, and May 11th Greece thing also key.
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claydoctor
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Wait and see tomorrow, then act accordingly, either way. i.e. if JPY225 bounces off channel bottom TL , I hold my puts for now, and see if the bounce is real or dead cat, then take profits from that short or hold and realize more profits. But based on the long term trending of the SPY and currencies, I am short equity indexes world wide, and if Oil price spikes or even continues up, well, that is NOT good for any economy, especially ones weak as it is. You can make your own call on that. IMO. Hope that helps.