That was an interesting session. It seems that there has been quite a flight to safety again. The VIX is above 15 so there is a very high chance of further downside.
Below: The Tech 100 daily chart showing a perfect rejection off the bottom of the cloud resistance.
Below: The S&P 500 daily chart here played out exactly as I said it could. I said it looks like it could get a bounce off support which it did and I also said that the stochastic was showing that the support could fail which it did right after the bounce off support as you can see here.
Below: The USD/JPY daily chart has been in a channel and it is testing the bottom of that channel support now, so just watch if that carry trade fails. It is very likely that it will take the markets down with it.
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