Tuesday Market Update, Outlook and Forecast.

Per the Twitter discussion, we are still bullish as today we held the monthly average in SPX at 1786. Two markers I am using are this afternoon's low in SPX and USDJPY. If they fall we are into the correction.  Two currency thoughts.  (Disclosure: I am frontrunning a dollar sell off here after the New York close based purely on fib levels, candles and indicators. Do your own due dilliegence, and read the disclaimer as always).  First, USDCAD short entry. This is indicator setup that I have been talking and we are at a large 161.8 confluence. Here is the chart: Second is USDJPY. This is a candle setup for me, corroborated by talking to GENO the elliott waver who identified this area as a sell yesterday. It is just a setup, and could fail. But that is my reason.   There is always a bull path and a bear path and we cannot know which path our time will ultimately choose.  If we get a breakdown of the aforementioned levels, I will feel more confident that equities have topped and looking to trend trade this and add to positions.   Peace, Om, SoulJester