SPY Long 12-2-21

SPY has retraced to the 50% Fibonacci level and the VIX is going down. Wait for price to go above the trendline and the RSI to break the trendline as well. This will be confirmation for an upwards move to at least the previous high.

USDJPY Reversal

After the large Daily candle move to the downside USDJPY will most likely retrace to the trendline it crossed and then move back down lower. We can expect a move down to at least the 38.2 fib level but this may be considered the C leg of an Elliot Wave pattern so it may be going much lower. 

Bitcoin Nearing End of Pullback

Bitcoin is possibly nearing the completion of its pullback. The next 2 fib levels are 2.382 and 2.618 that coincide with a trendline and the 200 MA.