Here's How the $USDJPY 6 Pt Selloffs Create Support in $SPX500
Do you see the pattern here?
If there is a 6 point drop in $USDJPYand a sharp reversal in $USDJPY then the stock market has put in a meaningful bottom with support at the low of the $USDJPY. Once you see a bottom in the $USDJPY, mark a bottom in the $SPX500 and carry it over 3-6 months because that is how long the support level is good for. See for yourself.
Look at the Election low, for example.
The $SPX500 went right back to the middle of 3 of support levels when it was "locked limit down" overnight after the election results = right at support. And held like a rock.
These $USDJPY Bottoms are "KEY HIDDEN LEVELS" in the market that provide reference points for future drops in the market to test support.
See for yourself.
And join us in the Key Hidden Levels Chatroom here at Tradingview.com
Tim
10/5/2017 9:10PM EST
If there is a 6 point drop in $USDJPYand a sharp reversal in $USDJPY then the stock market has put in a meaningful bottom with support at the low of the $USDJPY. Once you see a bottom in the $USDJPY, mark a bottom in the $SPX500 and carry it over 3-6 months because that is how long the support level is good for. See for yourself.
Look at the Election low, for example.
The $SPX500 went right back to the middle of 3 of support levels when it was "locked limit down" overnight after the election results = right at support. And held like a rock.
These $USDJPY Bottoms are "KEY HIDDEN LEVELS" in the market that provide reference points for future drops in the market to test support.
See for yourself.
And join us in the Key Hidden Levels Chatroom here at Tradingview.com
Tim
10/5/2017 9:10PM EST
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No selloff in awhile now in $USDJPY
9/26/2018 11:44PM EST
No selloff in awhile now in $USDJPY
9/26/2018 11:44PM EST
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Another 6 point selloff in $USDJPY and the equivalent level in $SPY