There don't seem to be many obvious trades for me to discuss at the moment. The sharp drop from the top in many pairs hasn't had the immediate follow through I would expect if this were the beginning of a new panic driven cycle. While I am still bearish on equities and commodities, it is possible there will be one more push higher before a turn. Here is my daily CAD/JPY chart, which points to one last push up before panic and fear retake the markets and prices plummet. If price does continue to fall and 88.458 is breached, than my count is off and it will signal that the top is likely in.
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