www.TheLFB-Forex.com A Forex Trader Portal
The equity bear is at the door; there is only so much that these failures to break higher can absorb without testing the short side. Not to be pessimistic, just understanding that if the long side keeps failing to draw in buyers, the short side will be tested. We just need to see how heavy the short side volume is.
The really interesting part to that is that the historical buying of dollars on weak equity days is not getting strong support. We may be seeing a swing point high formed on the dollar index that may allow a drop from 80.00 to 78.00, regardless of what equity markets do