Executive Summary - they look like hell.
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click chart to enlarge More yen weakness like today is the bulls' best hope.
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Author: ChrisC
Not Done
It ain't over. It just ain't!!
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Weekly Update
Tight liquidity and negative seasonality are taking a toll on stocks.
Five minute video discussion inside.
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Just Charts
No changes in outlook, but I know you want to see how that Solunar model chart looks (inside.) lol
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click chart to enlarge FX movements remain more important than yo mama's gamma.
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Illiquidity Has Consequences
The FX Weathervane has shown nasty winds blowing for a few sessions and stocks are tracking that moving average quite closely!
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Some Charts
Just a couple of charts today. No change in my outlook. A very weak day today. FX liquidity remains very tight.
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click chart to enlarge
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Weekly Update
Markets failing at resistance has been the theme of recent sessions. It's important that bonds are one of those markets that failed.
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Underway
Prices have rolled over from resistance levels as expected. The ball is rolling downhill!
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Why this dip was different. It didn't have support from a weak yen.