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TFC Commodity Trading Forum

Re: S&P Emini/Testing Major Breakout Pt/Randolf

Yes so they say. AND DX is rallying off of important support regardless for several days now. That doesn't help either and does tend to trash inverse markets which is most markets...............If DX was breaking support and selling off I suspect the markets would be rallying with the financial news media reporting that the markets weren't expecting any different outcome as it was widely reported that the Socialist in France's election was predicted to win for some time now, therefore no negative surprises. Always a story to be told to explain it all away. Bottom line: As a rule of thumb it doesn't pay to trade against the DX direction. And the SPX has lost 37 points in the last 3 full days of that bounce back of DX plus Monday's probable loss as well.