Honest Abe

Right now the short and medium term market direction rests upon Honest Abe.


Japanese Prime Minister Shinzo Abe's attempt to reflate the Japanese economy has done wonders for stock markets around the globe.  It has also devalued the Japanese yen to levels not seen in many years.

Since November 2012 when Abenomics began, the S&P 500 has maintained above the "Abenmoics trendline".   Recent market weakness has seen this trendline come under pressure, and currently it is being tested again.

I think a break below this trendline could signal a shift in overall market trends.

It is worth keeping a close eye on it.


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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