HughGRection

USD/S&P poised to drop on cue for event risk

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
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The correlation between the USD and S&P 500 could continue to grow as the DXY hits a one week trend line at the edge of the Ichimoku cloud & BB. This also coincides perfectly with multiple market moving releases. If they disappoint as much or more than expected, it appears the dollar will fall back to the bottom of it's current channel. Although low retail sales and consumer confidence could imply a longer QE from the Fed, it would most likely lead to a short term sell off in the S&P 500 as well.

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Perfect trade great job thanks
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So far so good nice setup
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