I think this is a market situation where we are looking at the US dollar as a main driver of where we go in multiple markets.
The first chart I’m looking at is the US Dollar Index. Generally speaking, it is one I pay attention to most days and it is interesting to see that it gave back some of its early gains. We are starting to bounce again, though, and there is an area right around 99.50 that I think is somewhat important, followed by the 200-day EMA, which sits right at 99.07.