Don't take this too seriously... Fun comparison...that's all.
Here's where things stand.
On the year,
Safe assets outperformed risky assets.
Safe assets gained almost 2.5% post Brexit
While risky assets gained 3.9% since their Brexit lows
One of those is lying.
Q2's end is just around the corner...
They'll pull the rug quickly.
Simple and straight forward....
No "QE" = Chop City
See other charts for more detailed lines
I thought this might come in handy for the next couple of weeks
Note; There are many things I did not include. Feel free to share your thoughts.
USDJPY implies a revisit to SPX 1800 levels
Or...if you're the "glass half full type of person"
SPX implies that USDJPY will revisit 120 levels
Which is more possible?
Keep away from sidewalks under windows.
Will the monster eat you too?
I think this is pretty straight forward.
Solid lines = possible Fib bounce lines
Lines with breaks = previous support lines
(Note the date on these)
SPX Big picture:
I don't know what happens next....You tell me.