S&P 500 closed today above key level, which is the downtrend border in relation to 1-year and quarterly mean.
The level is the lower 1st standard deviation from 1-year and quarterly means aligned, now standing at 197.5
The close above cancels downward risk that was initiated during late August selloff - and if price trades above it from now on - it will likely...
Well last night U/J broke below a support zone, and is now retracing , looking to go short at 118.85-.90 with a stop at 76.4% Fib. If 76.4% is broken I will be looking for long opportunities but for now U/J is still a sell for me personally. Profit target at the 161.8% extension zone. Market sentiment supports xxx/JPY shorts with US treasuries dipping below the 2%...