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The Dollar ran into Fib resistance at (1) and the 500 index held at support. Now the Dollar is doing its best to break Fib resistance at (2). Will this be the straw that causes the 500 index to break rising support line (A) at (2)?
For investors that are shorting the Russell 2000 (short Russell post here) and the NDX 100(see shorting NDX post here), keep the short positions, just bring stops a little tighter than normal to protect gains.