Interesting setup on DX that happens to complement the SPX/COMP/NYA charts posted Monday afternoon. Check out the RSI trend line support.
I’m inclined to believe the next several days will be very good for the dollar. For equities — not so much.Meanwhile, the EURUSD shows signs of finally breaking down. Both the pair and the RSI action show a rising wedge that’s bumping up against a well-established channel.