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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Last
8,538.6 |
Change
-52.100(0.61%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,590.7 | 8,590.7 | 8,531.4 |
| XJO (ASX) Chart |