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WellTrainedMonkey
Sep 21, 2020 12:59 PM

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

E-mini S&P 500 FuturesCME

Description

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.
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