Market open on Sunday started off with JPY giving back some of the strength it developed during the previous trading week. The blue horizontal lines represent that return back to previous price levels and a ranging/consolidation area. JPY strength could be found if markets run out of positive news, but equity markets still continue to move up, with SPX nearing 3,000 again.
A combination of analyses creates an opportunity for AJ short. An Elliott triple double seems to be completing (also known as 3 drives), stock market correction in S&P500 has reached 0.618 Fibonacci retracement, and the Rocket FX Alert is indicating another bearish entry point after 2 small trades. 3rd times the charm?