S&P 500 SHTF line

The S&P 500 has survived a test of 1225 which was already major support, but is now where the recent trendline resides. If and when this level of support is taken out, prepare for an extremely sharp long-term move lower. This should coincide with a sustained USD breakout.

EURCAD to breakdown?

EURCAD appears to be nesting in a series of 1-2, 1-2. This setup indicates that we should see sudden acceleration lower once the key level of support at 1.3780 is broken. The 13 period moving average appears to be have topped and is heading lower. Therefore, I expect a breakdown leading to ~ 1.2300 within a few weeks!