Will We Find a Dollar, S&P 500 Trend Next Week?
The S&P 500 is sitting just below a critical channel break and the US Dollar closed this past week at the boarder of multi-year highs. The potential for a severe shift in sentiment and development of heavy trends is electric. Yet, the initial catalyst for fear - the Fed's Taper warning - seems to be losing its shock quality; and the coming week holds key disruptions in the transmission of speculative trends. We discuss what it takes to develop a lasting trend along with the trade opportunities for different scenarios in the weekend video.
Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.