This support area for the British pound is right here.
This typically leads to multi-month rallies on the $SPX.
This divergence seems a bit unprecedented -- maybe dollar
breaks down and we really start to melt up? Other option is
that $SPX plays some catch up?
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Taking a pounding!
May need to watch for a bit longer. Breaking below ...
Posted by kalinm on 20th of Feb 2013 at 12:22 pm
This support area for the British pound is right here. This typically leads to multi-month rallies on the $SPX. This divergence seems a bit unprecedented -- maybe dollar breaks down and we really start to melt up? Other option is that $SPX plays some catch up?