Quote:
Originally Posted by prichards516
Taking a look at Wednesdays daily chart, the U.S. dollar has slipped below its clear rising trend line after meeting its A=C objective around the 82, paired with momentum divergence. Indeed, recent action warns of a possible top in place in the index. Focus will shift first to the open gap at 78.64.
*will post pics later*
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You have signs of the USD index topping out? That'd be awesome insight in the StockMarket thread as we think the SPX is topped out.
Not to mention, institutional players are shorting the USD dollar 10:1 currently. I believe non-commercial players are long the dollar 7:1, alongside retail investors longing 10:1. Seems like institutional players are ahead of the game.