USDJPY: Gap Open Real-body Buy Setup

Rules of the setup:

• Must have a lower low
• Must open below the low of the previous real body (consideration of this point can be taken to 5 decimal places) i.e. opens below the previous close

Entry would be effected upon break of the high of the same period; stop at the low.

SPX daily channel

DJIA - *still* in the channel!

Zero participation on the way down and lots of tell-tale divergences at the low - is it just me or are "they" getting sloppy these days?

EURUSD

Tempted? I know I am..

SPX:TRIN - a new ratio..

STILL not much happening out there, so I have had time to play around in StockCharts - and happened upon this ratio... while I realise there is rather scant chance I am the very first to come across this, a Fibonacci simple moving average makes very interesting viewing indeed:

SPX:TRIN on StockCharts

DJIA channel (update)

Not much happening - still standing firm. I get the feeling there is an immense battle of opposing forces occurring right now - helicopter Ben with his finger in the dyke as the cracks start to multiply kinda thing.. hmm.

Meanwhile, erstwhile favourite indicator AUDJPY is starting to fold:

And might it be worth a post-earnings punt short on GS right now?

GS on StockCharts

Cake... or Death?