HughGRection
Short

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

INDEX:DXY   U.S. Dollar Index
228 2 0
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.
OptnTradr
3 years ago
So far so good nice setup
Reply
OptnTradr
3 years ago
Perfect trade great job thanks
Reply
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