The pre-market rally this morning has much to do with the situation the Dollar has created of late. See below…
CLICK ON CHART TO ENLARGE
Line (2), in my opinion is a very important line in the sand. Line (2) was resistance and often, resistance gets tested as support. The large gains in the inverse grains/commodities will be reduced this morning and stops may force gains to be taken. Will update later as the day goes along.
