US Dollar at Trend-Defining Support, S&P 500 Retakes 1400 Figure

From dailyfx.com

The US Dollar is testing trend-defining support threatening to mark a major bearish reversal while the S&P 500 is working to build momentum above 1400. S&P 500 – Prices took out resistance at 1399.10, the 61.8% Fibonacci retracement level. The bulls now target the 76.4% level at 1409.00. The 1399.10 level has been recast as near-term support. Daily Chart - Created Using FXCM Marketscope 2.0 CRUDE OIL – Prices took out the first layer of falling trend line resistance to challenge 104.90, a former support level. A break above this boundary targets another falling trend line at 106.01. ... (full story)