ES Journal Archive (2006 - 2008)

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Bounce of S2

 

USD/JPY below 95 and bounce off.

Within the zone where Bank of Japan will intervene.

 

A very interesting repeat of the past 2 days.

Heavy down tick across the board, no real sell off since first bottom.

 

long spy 87.13 stop lod.

 

out 87.40

 

Long 870.5

Initial stop 861.00

 

LC or anyone

Why is the Yen strengthening in this market?
TIA

 

Here we go ... possibly new LOD and 854/56 tested

Below that is no man's land all the way to 820, 812, 767

 

No, it is USD/JPY, not just yen.

I was talking about USD gaining strength relative to JPY.
That means, yen is weakened.

You need currencies flow into USD to save the stock market.

 

837?!! Well, that's far from certain at this point but enjoy it while you can.