The Dollar broke below support of a previous low this morning at $78.06, this opens the door now for a test of the next low way down at $75.235. The STO indicator is in extreme over-sold territory so a bounce should happen here ASAP.
Click here for a live, and updated chart!!!Not much happening on the SPX this morning, although the Russell has made new lows, and the Dow new highs, the SPX is up only 0.28%, or $3.56. The blue-1-2 combo is still in question marks because a top on this index has not been confirmed, though odds are leaning to that conclusion. The SPX needs to make a new low, and test the previous lower low down at 1261.70 before this can happen.
/CL, Light Sweet Crude is down $1.61 or 1.69%, and is at a critical point this morning testing the lower trend line of the rising bearish wedge, IF a top is in, this line should give quickly, and Crude should accelerate to the downside making lower lows. The first of which is at 80.28 made back on 11/23.
The DOW continues to make new highs, while the Dow Transports are printing lower lows, under the Dow Theory, this non-confirmation is bearish. The Russell has also made lower lows this morning.
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