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S&P 500 stalls near 1400 as US dollar flirts with key support
The US Dollar is flirting with trend-defining support as the S&P 500 stalls near the 1400 figure, with a turn lower for the stock index likely to boost the greenback. S&P 500 – Prices are stalling having narrowly edged above the 1400 figure to seemingly expose the next upside hurdle at the top of a rising channel set from early June, now at 1415.20. A Hanging Man candlestick warns of ebbing upside momentum and hints bullish conviction may be fleeting. Near-term support lines up at 1392.10, with a break below that exposing a falling trend line established from the March 27 high now at 1385.70. CRUDE OIL – Prices ... (full story)
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