FX_CLEVER

THOUGHT ON SPX500 WITH CORRELATION TO YEN

FX:SPX500   S&P 500 Index
58 0 0
SPX500             has been bullsih this week after testing support. At this point it is back at resistance. If it breaks out, it is likely headed for 2147 zone. If it does not, it might retest the support. To conclude If it breaks out above resistance, YEN is going to weaken causing the yen pairs to rally. If it does not break out, then the reverse will be the case. Cheers! and have great weekend.

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