That title will mean nothing to most people. But the next 2 days are critical. The Big Blue Professional Spiky Bars (BBPSB) that were generated after the Bank of Japan’s NIRP (Negative Interest Rate Policy) announcement (and apparent failure) are about to get resolved.
The US Dollar sold off today, after reaching the top of the BBPSB range. And if that continues over the next 2 days and the Japanese Yen rallies above recent Resistance – well then, that’s not good for Equities. The key breakdown/out levels are 96.8 on the Dollar Index and 0.895 on the Japanese Yen.
Let’s see what happens next. Not sticking my head out, just to get it shot off. Watching, watching.
Good luck with your Emini trading.