The rest of the day will be a tail of capital flows.
Spu’s...2438-40 is the bigger resistance level that needs to be closed over for the down trend to abate.
This level is where the P&F charts show resistance.
So far the rallies haven’t gotten high enough but its early in the game.
The Pit low of 2427 is as good a level as any to manage risk.
Euro..120.98 was the 2014 close. It came close enough for me to think Euro strength is over in the short-term.
I still would not look to be a Dollar Bull until qtr end.
It is the wrong way on the capital flows.
