BofA Technician Watching 1750 S&P Support: “Below Here Is Trouble”

BofA Technician Watching 1750 S&P Support: “Below Here Is Trouble”

A break of 14m trendline support, now 1750/52 and risk markets are in big(ger) trouble.

As much as we like the US $, we like the Japanese ¥ even more.

Indeed, $/¥ continues to roll over. Watch 14m trendline support at 102.00. Below here clears the way for the 200d (now 100.05) and eventually the summer/spring 2013 lows at 93.79/92.57.

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