Another distribution day in less than one week. So, tomorrow's edition of IBD will say that the market outlook is "under pressure". We are still holding support of 20 EMA which has held on closing basis throughout the rally, but that will change very soon.
VIX gapped up and rallied.
$USD opened strong and spiked into a solid base (blue line segment), poised to retrace higher.
Transports, commodities, materials and gold all much lower on stronger dollar.
A couple of fast trades shortly after the open to capitalize on dollar strength.
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