Quick Update: Sep 20, 2013

Greetings from Philadelphia. Still on the road… will update the schedule for next week this afternoon.

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ES’s rising channel is intact at these levels, but it’s important that it hold here.  A failure to remain above 1707 would open the door to 1666 or lower.

The more important development is the dollar, which has broken down from the rising red channel.  There’s a very good chance it will break 80, probably to 79.60.


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