Ive posted before about my thoughts on the USDJPY correlation with the S&P500 and I’ve been right for the most part

Easy way to gauge it: USDJPY goes down, S&P goes up.

Right now we’re at super critical support for the USDJPY at the 107 levels

Because the USDJPY already dropped so much we can expect the S&P500 to have a run up today

So those that trade the SPY or others in the stock market = full green market today

If support is broken this might be the end of the bear market for the stock market and were looking at a full blow bull market again for awhile

But to make this easy I’m 99% sure the stock market is going up today and we’ll see green all around

Strong dollar = weak stock market

More people wanna invest in the American stock market when they can exchange their foreign currency for more money
Idk if EURUSD will continue its small rally down though

Look at the MACD: https://imgur.com/gallery/jyFuB5R

It’s looking to change trend and start adding bullish candles

It also already hit support and retested above with a new candle I wouldn’t get in on this trade yet it can go either way still to be honest

But to answer your question, I’m using the USDJPY pair because of the issues with China I just happened to choose this pair but I’m sure you can find correlations amongst other pairs like USDCNH or the EURUSD probably

TLDR: Short USDJPY NOW!

Sign up at Tradersway you can use the metatrader app on your phone for easy trading https://www.tradersway.com/?ib=1216454

I’ve been correlating the USDJPY price and the SPY for the last two months.

ELI5: USDJPY goes up. SPY goes down.

And because FOREX is traded 24 hrs a day it was easier for me to tell the direction of the SPY every morning

We just crossed critical support for the USDJPY and it looks we’re headed straight down some more on the UJ pair

Seems like we could easily hit a $300 SPY today

Bumo

.

Bump

Woohoo the train is going strong today!

.

Bump

bump

Still going stong!

Yes