This channel is holding - DXY made a double bottom today.
Most of the retail market is short - The SPX & Nasdaq are at all time highs - and leadership is with fewer and participants. Stocks roll over the dollar goes up. 200 point correction on the SPX is healthy, lots of gaps to fill. means the US Dollar goes up. They need the shorts to fuel the rise - they have buy someones inventory.
Market has completely discounted the election - and the volatility this will cause.
Everyone is back to work next week - expect a shake up.
Speculators are short - Fund managers are long.
CFTC-EQUITY FUND MANAGERS RAISE S&P 500 CME NET LONG POSITION BY 9,213 CONTRACTS TO 144,877 IN WEEK TO AUG 25