A Weathervane

My video discussions regularly remark how a strong dollar versus the yen is bearish for equities while a weak dollar index is also bearish for equities.  The chart below is an attempt at displaying a "weathervane" for these FX background influences.  The weathervane is most bullish when the dollar is weak and the yen is weaker, and most bearish when the dollar is strong and the yen is stronger.  

click chart to enlarge

click chart to enlarge

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There It Is.

A confluence of indicators.

The very important Spiral Calendar time window from the 1974 low.

The S&P 500 breadth oscillator shows a bearish divergence.

Dramatic reversal in the NDX off new all-time highs not matched by other indices.

Bearish Range Bust Reversal Bars in AAPL, TSLA, and AMZN,

The important stock market high first discussed in my January 2020 video, “Timing the Top Part 2” is now in place.

 


click chart to enlarge

click chart to enlarge