S&P500 : This Cockroach Will Not Die Easily

• EUR/JPY and S&P500 - both Risk Indicators.
• EUR/JPY : Spent the longest time between 126.93 and 139.18 before finally breaking down. Really tough trading in between (large candle overlaps).
• S&P500 : Looks like in early stages of the comparable EUR/JPY nightmare zone only. Some ways to go before bears find gratification.
• Conclusion : Risk Off positioning best taken NOT in S&P500 shorts but other cleaner avenues, nicer charts.
• Perhaps it will need an actual Fed tightening for this to perform on the downside.