Hi Trades,
Thanks !!!!
You mention:
"
See DX rally up to the 80.30/80.43 resistance today and back off sharply."
To be clear ..... My chart shows 80.358 which is in the above range.
I show today's low - after at about 80.01 and closing around 80.11.
So in round/easy numbers the 2 point range would be 80.4 to 78.4 .....
Today's dip to about 80 only represents about a 0.4 drop at best ?? Closing at 80.11 about a 0.3 point drop.
So, I think you are suggesting that Dx really has to get back above about 80.4 to have much of an impact on inverse markets ??
Hope I'm with you on this !!!! But you have the related markets pegged much closer to movement in Dx than I ever did !!!
Thanks, Lee