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 TECHNICALS
SP500 and the Yen: Follow the Yen My Dear ?
September 30  ​( From TradingView , AllStarCharts )
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​​The Situation
​
​In these uncertain times, it is interesting to look the behavior of 
​the ​YEN ( candles ) ​in relation to the Mighty SP500 ( bar chart ) 
​on the ​chart below.

Not surprisingly to me, usually, it is the same trend. And this year 
​again, ​seasonalities​ for the Yen did worked with a grind at the 
​beginning of September 2015 that should extend to mid-October.

Following the YEN can gives us a clue about the next trend in the 
​Mighty SP500...​​​​​ Interesting to note that in both cases ( Yen and 
​SP500 ), both lows made on ​August 24 have been rejected violently 
​and near peaks on September 17 2015 also.

But Since August 25, the Yen started to trade within a wedge.
​( See first chart below - Green Lines )​

​​The Mighty SP500 broke its wedge pattern lately but was not ​confirmed by the Yen...Breaking one side or the other for the YEN​ will increase volatility for sure and confirm or invalid the prior break ​down on SP500 Index...​​ ( See first chart below - ellipse  )​

Read Also: Is Yen Setting Up For An Epic Rally?


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Louis Pasteur
"Chance favors the prepared mind." 



SP500 and the Yen: Follow the Yen My Dear ?  $SPY,  $USDJPY #Trading #investing #yen #SP500




DAILY
​YEN (USDJPY - Candles - Top Panel )
SP500 Index ( BARS - Bottom Panel  )








MONTHLY
​YEN (USDJPY - Candles - Top Panel )

SP500 Index ( BARS - Bottom Panel  )



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