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The currency markets could be setting up for a big move. And this could have big-time effects on the other markets, like precious metals.

Rallies now have the XLY/XLP ratio at the top of rising channel. chart and comments below

Commodities have spent the majority of the past 16-years inside of rising channel.

Could major indices in the states be impacted by what happens in Japan over the next couple of months?  

The latest test of horizontal resistance failed yet again, leading to a reversal that is trying to breakdown below the rising trend line 

JPM slipping below support (2018) shown in the 1st chart below. What this market leader does at (2), will be important to the stock, the banking sector and the overall market!

Pay attention to today’s chart because the US Dollar (CURRENCY:USD) may be setting up for a big move.

The rally over the past 9-years saw the index come back to 2007 levels a few months ago, where it started turning lower in the chart below

Small Cap Stocks (Russell 2000) have been red hot this year, up over 9%. This gain is 7% more than the S&P 500 and the trend on them remains impressive.

This chart looks at Bitcoin over the past 5-years. The long-term trend remains up as it has spent the majority of the time inside of rising channel (A) since 2013.

Looking a commodities index, crude oil, and treasury yields suggests a major message to the markets could be underway.

This chart looks at Bio-Tech ETF (XBI) over the past 3-years.

While trade tensions between China and the States are getting a good deal of attention of late, one might want to keep a close eye on the price action of the SSE Composite (Shanghai Index) at this time.

Ths 4-pack above looks at some key price points for Tech and Mid-Caps that are in play at this week.

This chart looks at the Nasdaq Composite index over the past 20-years, reflecting that the long-term trend is up and it has hit all-time highs of late.