I saw something in the S&P 500 vs DXY (US Dollar Index) that i though I'd share with you on this Sunday ! I don't usually post on week-ends but sometimes I make exceptions ! Here is a long term chart of the US dollar Index in green. As you can see every time the Dollar has touched the (R) line since 2005, it happened to be an important bottom in the S&P 500 ! I'm bringing this up because we are very very close to that line again. God forbids, if the US dollar were to fail at this specific resistance level, then the odds of a significant bounce in the S&P 500 could be in the cards.
