Tuesday, May 28, 2013

This is How Close We ARE- MUST SEE

You know the relationship I've showed you between the Yen and the market-in this case the SPX, they move inverse or opposite each other. In case there's any doubt, here's the SPX in red vs the Yen in green intraday.

 Yen v. SPX

Here's the Yen with an intraday 1 min negative divergence now, that suggests yen weakness and market strength soon, along the lines of our afternoon rally/bounce.

To show you how thin the hair separating an intraday bounce and the downside abyss is...


 The Yen 5 min chart has continued the rounding base, it has already put in a head fake move and it has a large leading positive divergence on a more important timeframe, this would mean the
Yen is getting ready to move up-the market down.

 The $USD intraday leading negative 1 min chart suggests the $USD goes down, which means oil and GLD should benefit helping us set a USO short and riding GLD calls higher.

More importantly, it suggests between Yen building strength and USD falling strength, the short term USD/JPY-like intraday should help support a bounce, but after that it looks set to fall further which we expect and is a market negative, that's how close all of this is.

This is why its speculative.

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