HughGRection

SPX v DXY W1 (S&P 500 v USD)

Short
SP:SPX   S&P 500 Index
0
S&P 500:
- Overbought RSI
- Overbought stochastic closed with a crossover last week
- Abnormally high correlation with the USDollar
- At a 1 year minimum ATR

These technicals along with America's politica climate(i.e. ongoing budget problems) , the EU's internal strife and disparity, and Japan's race to devalue the Yen lead me to believe we may be seeing a multi-year triple top forming on the S&P 500 . If full on risk aversion kicks in, it would make a lot more sense for the USD to continue up while the S&P drops.


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