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Traders Are the Most Bullish on DXY in a Year
It was only a 4-day week for US equity traders and after a blip (sell-off) midweek, Wall Street rallied on Friday which saw the S&P 500 and Nasdaq 100 post minor gains for the week. The S&P 500 opened just above the pivotal level of 4330 we covered on Friday’s video and traded its way to a new record high, although the Nasdaq closed the week -65 points beneath its record high. The Russell 2000 broke a four-day losing streak on Friday and closed just above its 50-day eMA, which suggests an important swing low was seen at 2192. The Dow Jones also closed at a record high although beneath its intraday peak of 35,091. ... (full story)