An interesting divergence has developed in the past 2 days between the S&P and the EURUSD. The S&P has weakened considerably while the Euro has moved sideways. This may be a consequence of the Clowns in Washington not agreeing on the budget cuts. I see the US Dollar Index weakening to around 76 in the coming days. I´m not sure this will mean a risk on trade. It will bolster the Euro and weaken the USD, but the S&P may not follow the Euro higher, It will be interesting to watch.
Observation is the path to discovery.