I agree with Fly’s comments that the market is OCD on Japan. Therefore, this chart will tell me when this stupidity, and it is stupidity, will end. The blue line is the relative strength of SPY against FXY (Currencyshares Japanese Yen). Then I have put in a 20 day exponential moving average of the relative strength line. The spread is the differential between the RS and the moving average. We need the green to reach an extreme.
