US stocks have gained further on easing concern over the Omicron variant but one wonders if this will last? The US$ is little changed and that may remain the case until after Friday’s CPI or next week’s FOMC. The Aussie is staging a bit of a comeback though so watch for any mean reversion, even if only temporary.

Data:

DXY daily: watch the 50% fib:

Trend line breakouts:

S&P500:

S&P500 4hr: chart from w/e update:

S&P500 4hr: chart today after a decent b/o:

AUD/USD 4hr: a new b/o here:

AUD/JPY:

AUD/JPY 4hr: watch for any new TL b/o:

AUD/JPY 15 min: a great range b/o opportunity yesterday for 3 R:

Other markets:

ASX-200 4hr: onward and upwards here too so I’ll likely be revising the weekly support Flag TL here on the w/e:

Gold 4hr: watch for any new b/o:

EUR/USD 4hr: ditto:

GBP/USD 4hr: ditto:

NZD/USD 4hr: ditto: