This morning in Europe we have tested yesterday's highs on March's SPX contracts at 1112.75, the same time NDX's ones have missed previous high by about 2 points. Also we've seen a sharp rally in all currencies against USD, bringing USD index to its trend line going since mid January.
The price action which actually followed suggests that we have finally rolled over and, at present, entering new phase of dollars appreciation and sell-offs in all classes of risky assets.
This scenario will be validated by crossing 81.5 on the USD index.
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