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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Wednesday, August 26, 2015

SPX vs SSEC vs USD:JPY

Notice the correlation among these three instruments...namely, SPX (S&P 500 Index) vs SSEC (Shanghai Index) vs USD:JPY (U.S. $ & Japanese Yen Forex pair).

They've pretty much moved in tandem for several years, now...until very recently, when the SSEC plunged to a much greater extent than the other two, and the U.S. $/Yen Forex pair a bit stronger than the SPX.

I'd keep a close eye on the SSEC for any signs of recovery, and, if there's none soon, we may see another (substantial) leg down on that, with, possibly, SPX and USD:JPY following suit. (You can read further details on the SSEC here at this link.)