S&P 500 rout continues

The S&P 500 is down 13 points to a session low of 1776.

The lowest close dating back to November 12 was 1775, on Dec 13. Beyond that is the taper-day intraday low of 1768.

SP 500 daily

SP 500 daily

If we take out those support levels, I can’t see USD/JPY withstanding any more pain.

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