SPX Closed higher today with help of the USD
Market did what bulls wanted to see:
- Not to trade lower right after a large move up
- Lower volatility
- Positive / Neutral Market Internals
- Technical retracement to yesterday closing prices and fast reversal with increasing VOL
BUT (To take into account)
- Risk/rewards does not help bulls now
- Dollar is helping US Equities
- OIL IS DOWN
- GOLD IS UP
Here you have the Twitter Image