September sure lived up to its reputation for being problematic for stocks and we still have October to come! The monthly charts for many instruments are rather ugly and will be included in my weekend update. There is a fair bit of data still to come for the last day of the week but I think caution is needed as there might be a bit of sideways chop and digestion before the new week of October gets underway.
Data:
DXY daily: an indecision candle to see out the month:
TNX daily: ditto:
Trend line breakouts:
USD/JPY 4hr: price paused at the 112 level:
EUR/USD 4hr: this break below 1.17 has given up to 130 pips:
S&P500 4hr: a new break for 55 points:
Other markets:
ASX-200 4hr: the 7,200 is a major region so watch this for any new make or break:
Gold 4hr: watch for any new TL b/o:
AUD/USD 4hr: holding up rather well considering:
AUD/JPY 4hr: also holding up rather well considering:
NZD/USD 4hr: watch 0.69 for any new make or break:
GBP/USD 4hr: watch 1.35 for any new make or break:
GBP/JPY 4hr: watch 150 for any new make or break: