SPDR S&P 500 (SPY)

[Scripo]

Thanks for posting that. Glad we see that for what it is. And i agree with the sentiment of it sputtering.

Its interesting to think imo technicals maybe the reason central banks at the moment are losing a grip. Particularly BOJ.

Note the day of the Nirp cut. Dont have it off the top of my head but line that up with where we were on the weekly chart with JPY. few weeks too late? from my understanding there only purpose was to devalue there currency. The yen tanked Kuruda was applauded but it bounced strong off support,now there scratching there heads as the yen is still bullish.

The 20 year still has the yen in a bear market and USD still stronger imo.
i will continue to watch it for SPY correlation. Or perhaps a new currency is being hijacked.

Cheers