Looking for the Spoo to trade higher, close to 5631 and then I’ll take another look.
FX…Yen has come about half way back for its recent swing.
Most Yen crosses are in the middle of nowhere with the exception of Swiss.Yen which is coming into cloud support.
The weekly looks like it is ready to fall off a cliff. I’m saying this because for the past 3 years this cross has lined up with Gold strength.
Its long term swing was 181 which lined up with the 2500 level Gold target generated about the same time.
GoldinEuro and GoldinYen both held their 50 period averages last night which makes the Silver and Gold lows important levels for risk management.