U.S. Dollar Index…Dive, Dive, Dive
The U.S. Dollar Index is in a strong downtrend although I wouldn’t be surprised to see support come in soon. Read this morning that more funds are short the dollar than at any time since 2013.
In today’s brief market update I look at the SPX, McClellan Oscillator, SMH, XHB, XLF and the U.S. Dollar Index. To get the complete market picture and daily updates become an Insider.