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Re: ced70 post# 264280

Wednesday, 09/02/2015 6:47:27 AM

Wednesday, September 02, 2015 6:47:27 AM

Post# of 364593
Looking at fibs on SPY, I'm seeing a relief rally to the 196.25 area before continuing lower. 198 would be an overshoot before continuing to move back to the 176 area which is my target for the end of this corrective phase.

With the markets in the condition that they are, I'll be watching the USD/JPY for clues. It looks like they are back to old faithful overnight.

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