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Thomas Long, Course Instructor

A move by this index down through the 1054.60 might change sentiment enough to result in a move down through the low of 1008.00. That move might result in a flight to safety in the financial markets which could mean a stronger USD. The current trend of the USD is down, but we should keep one eye on this market for a potential change from USD weakness to USD strength.

SP500_body_63790d1281441756-chart-day-sp500-810.png, S&P500

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.