S&P 500 and US Dollar Will Break, But Will They Move in the Week Before ‘The Week’?

From dailyfx.com

There was some serious volatility in different corners of the financial system this past week – such as the biggest bearish gap for the Dow Thursday in years – but the benchmarks would not fundamental budge from their course. For the risk-representative S&P 500, the broader trend is bearish; but the past five weeks are more accurately defined as congestion. I’ll note that this is a particularly narrow trading pattern and net speculative futures positioning suggests there is a building bearish concern in futures, but the masses are looking for a clear catalyst before they decide to jump back in or … (full story)