With the pop above 52.20 on 4h charts this morning Oil has fulfilled criteria for a simple flat a-b-c correction from recent 49+ lows and ready to head lower again shortly This aligns with other signs for risk off imminently JPY crosses have rebounded into decent Fib retracement zones SPX looks to be out of steam and more interestingly China A50 has met Fib retrace and filled New Year gap Bond yields also looking like they have had their momentary bounce for now and about to head lower s/term Caveat emptor