Yen – Page 14 – Spiral Calendar

Who’s On First?

After seeing a few too many tweets stating that the oil market is leading this highly-correlated dance, I investigated last night’s sharp reversal and found it was dollar yen, not crude oil that set the trend.

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If world financial markets are depending on dollar yen now, we are in for some trouble, as the above long-term, as yet unconfirmed, head-and-shoulders formation on dollar yen shows.

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Continue reading Who’s On First?

Weekly Update

How long will this corrective rally last? My primary thesis is that surprises will be on the downside.

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Monthly Target Achieved

The SPX hit monthly support at today's low. Video discussion inside for subscribers.

click chart to enlarge The August damage looks so small.

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A Matter of Degree

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If this move is a new trend of F32 degree, 119 years, the first bounce should come quiet a bit lower than most everyone expects.

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Fearless

The lack of fear (VIX) at the low, despite great technical damage (new lows), leaves me a non-believer in the bull case here.

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The S&P 500 AD oscillator might be the best argument for the bulls.

Solunar Model charts and a video wrap-up within for subscribers.

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That Resistance

discussed this morning, remains untouched. The bulls need follow through tomorrow.

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Weekly NotSoUp Date

We are at one of those junctures where the Spiral Calendar gives us a huge advantage over other participants. We have the unique perspective now of understanding the true (and large) degree of this decline.

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click chart to enlarge Tidal forces are friendly this week, but not so much the Dow Solunar Model (inside for subscribers.)

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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.

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