Demand for USD is drying up. I don't see this as a bullish signal for equity markets, perhaps a very brief bullish reaction if so. I see this as a massive straw preparing to break the camels back. Demand slump is involuntary. A window into the state of economies outside the U.S. Seasons change. Welcome to Autumn.
In the case of a pop, I see $4300 being the ceiling for the S&P.
In the case of a pop, I see $4300 being the ceiling for the S&P.
Note
Correction: I don't see a trend reversal, but an increasingly less momentous continuation up.
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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.