Sunday, July 10, 2011

Nzd/Jpy tells me Sell SPX

Xxx/Jpy pairs are risk-off, risk-on pairs. Right now, Nzd/Jpy is showing Risk-on, topped out on my channel and looking at its correlation in respect to Nzd/Jpy channel, it is telling me to get out of stocks.



Note, Eur/Jpy is already in downtrend and Chf/Jpy is topped out.