The Dollar has been in continued decline for 6 months. The general equity market action has been a mirror image of this decline. Huge spending by the government has raised concern and probability of impending inflation. So far the Fed has held interest rates near zero.
6 Month Decline in the Dollar.
6 Month Rise in the S&P 500
20 Day, 2 Hour - Oct. 23 - Weekly Pivots displayed in above chart. The past week demonstrated some topping action, but we have seen this before only to have the bulls jump in and buy the pull back. Will it happen again?
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