Deja Vu Indeed- USD/JPY Tests AGAIN

Just as we saw it developing in pre-market this morning (a little later than yesterday)...

 USD/JPY tests down through $102.20 support that held all night, approaching $102.

To give you a better idea, this is from 8 p.m. EDT last night through the entire overnight session to present, that's a serious break, this isn't a market being held back, this is a market being held up so the big boys have enough time to do what they need to do. Maybe they held on to long trading positions a little too long, maybe , maybe , maybe, but that see,s to be what's going on.

ES has went from a new high to 3 points below yesterday's close over the last 6.5 hours.

As I said, don't let the lateral trend make you complacent.