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How Long Will The YEN Dominate This Market?

|Includes:CurrencyShares Japanese Yen Trust ETF (FXY), QQQ

The past 2 trading days we saw massive selling in the markets! This sell in the stock markets is lead by the $FXY. Now at some point the YEN will pull back, and this will provide a few bounce days in the markets. Will it remain forever? Probably not! The markets are way overbought and once fear will kick in, the markets will see a flash crash!

Traders are always scanning a lot off charts to see what you can buy or short. You always try to get multiple factors in your trades! Like these $QQQ charts, if we can see another massive down day this will come into gap fill with the daily 50 moving average! This can be a bounce play for a few days!

Long area around $71.29 stop loss will be $2.

Kristof De Block

Stocks: FXY, QQQ