Dow Jones and the Hang Seng Index have both rallied up to key resistance at the 61% Fibonacci level, in the chart below. Notice what is happening to the Hang Seng index at (1)!
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Hang Seng index is breaking down at (1). Watch this global leader as an indicator of what the Dow could be about to do!!!
The U.S Dollar was down big today, over 1%! One item of note, the “Hot Emerging” market ETF’s (Hot to Cold ETF) and Basic materials did very little on the upside today. Very unusual with a big Dollar decline.