Three Pairs

The S&P cash has generated three pairs of range bust bars since the early December top. Two of these pairs are are in the past four sessions. Range bust pairs are signs of acceleration. That we now have three of these on the recent chart is consistent with the beginning of a large degree move.

rangebustpairs011716

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Yen Watching

Today's late spoo rally was catch up with dollar yen that had earlier in the day. But stocks won't continue higher without a coincident move from dollar yen. I'm not convinced that's in the cards.

010416dollaryen5minclick chart to enlarge

010410yenspx2hr

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Expectations

What should we expect this week? I suspect we see another example of my belief that the most volatile moves are the most rational, i.e. most easily understood. At least if you're looking at the correct calendar.

122015tidal

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