I believe Currencies are the heavyweights that push around other assets…. Get the Currencies correct and many things fall in place!  Sunday night I ran a post entitled “Euro/Yen signaling higher equity prices.”  The chart below is a update to the action of the last couple of days. 

On a short-basis, this is a very critical pivot point for the majority of asset classes… 

Euro/Yen holds support here and starts pushing higher from this falling wedge, stocks(broad indexs) and commodities (copper and metals) move higher!

What the Euro/Yen does here will have much to say if support holds or fails, highlighted in this “groundhog” post.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past