WellTrainedMonkey

Chart of the Day: $ES1!, does it constitute a breakdown?

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
This market has been a momentum hound and weak dollar story. It is fair to say momentum is waning and the weak dollar might be in the rear view mirror as the DXY key component, the EURUSD has broken down at key multi-decade resistance.

Keep an eye on it as stocks do puke every now and then.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.