XJO 0.25% 8,160.0 s&p/asx 200

McLaren sees above 76.3 as bullish for the dollar index, so...

  1. 7,728 Posts.
    McLaren sees above 76.3 as bullish for the dollar index, so bearish for shares.

    It's gapped up to within a whisker, 76.28.

    There's some damned if the SPX does and damned if it doesn't in McLaren's latest.

    As I understand what he says, if the SPX makes a new high, that's the end of the rally.

    If it doesn't, there's the danger of a lower top.
 
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