Markets in Maintenance Mode

SPX has spent 16 sessions at or above its 10-DMA, hardly a record but definitely getting long in the tooth.  For those keeping track, this latest run began the day after VIX was hammered back below its SMA200 and CL popped above its SMA200.

But, most of the excitement this morning is in currencies.  DXY is testing its Dec 14 and Mar 7 highs, which has nice implications for GC reaching our next downside target.continued for members


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