SPX, Oil, Yen Price Action Setups (10.13.2016)

SPX, Oil, Yen Price Action Setups (10.13.2016)

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In this webinar, we used price action to take a longer-term look at major macro markets in the S&P 500, Oil and the Japanese Yen. - We started off by looking at an observation, and a potential correlation between the Chinese Yuan and the S&P 500. Over the past year and two months there have been multiple instances in which the Yuan weakened aggressively, and U.S. stock prices fell shortly thereafter. We discussed this in this morning’s Market Talk article entitled, ‘The Yuan Continues to Weaken After Becoming a ‘Reserve’ Currency.’

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