@TraderJonesy dont chase if it doenst quite hit there. 20 day was a bit lower and it rejected thrice. i had to stay up late on Thursday to get a good short entry at 6654 because didnt know if it would quite reach the 200
The stock market goes down roughly once every four years, on average, and bear markets are a regular occurrence. Investors should embrace this risk because without the left side of this chart (downside) there would be no right side (upside).
Everyone is watching oil in dollars.
Almost nobody is watching oil in yen.
That's where the real risk is.
If Japan panics, the carry trade unwinds again — and this time it won't be a two-day event.
Full CNBC Squawk Box Asia breakdown: https://t.co/2TVyAOep08