Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: SPX/Breaking Down/Lee/Trades

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