Well I said my key level on the SPX monthly chart 1935. It has closed the month 2 points above my key level. Nobody was more surprised by that than me but this has been a month of surprises to say the least.
DJIA mth has closed below the kijun sen but it did not make a lower low.
$USD/JPY saved the month thanks to Kuroda and the BoJ going to negative rates.
The subprime energy sector has pulled back from the brink thanks to rebound in oil for now at least. This has allowed the junk bond yields to ease off for now.
Looking at the downtrend line resistance on oil daily
Petrobras could be the Lehman Brothers of the coming subprime energy crisis.
I forgot to add this $EEM chart. Very simillar resistance setup to what we had in mid 2015. Some experts are saying the ditressed enregy markets are conatined but then we have heard all of that before. I am following this chart very closely indeed.
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