Spu’s…long-term P&F has roughly filled out another reversal.
Near-term resistance is @ 2365 ish roughly 20 points off the current low.
The lowest risk sell level ( get short Spu’s with a 6-7 handle closing stop) is
2376-79. I would be very surprised we get that high but you have to give it a go at the level.
AMZN need to run its monthly pattern sell stops below 939 and remain below
to elicit another slide.
Risk Off=Short Equity Indices/Long Bonds & Gold
The opposite happens in rally mode or Risk on.
USD/JPY is approaching its 200 DMA @ 109.76.
A level like this in the currencies can cause a pause in the direction of other asset classes.