The Dollar Index is at a very critical support level. How it behaves here will impact how equities perform going forward.
See this trendline going back from 2011. It has acted as support for this entire period. Dollar Index is now testing this support. If the support breaks that will be bullish for Equities as money will flow into Equities.
If this support holds and the Dollar Index bounces, Equities will have a tough period ahead. So let us see whether this trend line holds or not. Exciting times ahead!
