SPDR S&P 500 (SPY): This little spike in action to the upsid...

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Re: Scripo post# 209882

Thursday, 07/28/2016 2:43:20 PM

Thursday, July 28, 2016 2:43:20 PM

This little spike in action to the upside explained. Just linking the two again USD/JPY and SPY. Algo's are tied together on this carry trade again after a brief hiatus. If anyone wonders why SPY doesn't care about oil..

FWIW the yen is leaving OB on daily frame Kinda on the weak looking STO,if they bash the yen tonight. SPY will go manic imo. Anyones guess.

http://www.zerohedge.com/news/2016-07-28/algos-sends-usdjpy-spiking-through-10500-another-spurious-headline?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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