AUDJPY update and S&P line to watch

AUDJPY has made an interesting move today.

Today we have broke through the purple channel but pulled back slightly.  The ADX is technically bearish but a cross of the DI- below the DX+ might occur making this a buy signal.  The MACD also is still negative however it appears it may break through. 

A close of 10 min chart of the tag today.  Everything seems to be at a critical level about to make a move, just in time for...... QE2 Announcement!!! 2:15 pm, Nov 3. 

S&P

On the S&P we have been chopping sideways for 6-8 days.  Today we had a move that failed to break my turning point which was Monday Oct 15th.  It came extremely close.  I have my stops a bit above this high point and we will see what happens at 2:15 tomorrow. 

Last thing I want to mention is the Cyan line.  It dates back to Oct 27th.  If you continue into the future it makes it to the Monday Oct 25th high tomorrow close to the end of the day.  The red vertical line is where the Fed will make the QE2 announcement.  Pretty interesting to see the strength of breaks above or below that trend line.