Update on USDX, S&P 500

Just a quick update to the last post- the dollar index did in fact finish above 77.50 in the US markets, I believe it was at 77.53 at 4pm as stocks finished marginally higher minus the S&P which was down $.11. We’ll have to wait and see if everything plays out according to the technicals. There was a lot of QE hyping on CNBC today so the markets may be getting pumped a bit as the bears get ready to open their shorts.

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About Aaron Basile
Market Technician, Equity/Commodity Trader, Austrian Economist, Contrarian Investor

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