Tuesday, May 3, 2016

Dollar's Price Action Turning Majority Bearish #USDollarIndex

While the dollar's rally is not dead, it will be increasingly viewed this way as price action converts the majority from optimistic bulls to pessimistic bears. This transition and its trends, tracked in the Review of the US Dollar Index, ensure the minority won't be the bagholders of the false breakdown.

Headline: Wall Street braces for another down day as dollar weakens

Investors prepare for another down day on Wall Street following a weak economic report out of China.

Here are some of the other stories Yahoo Finance is keeping an eye on today.



Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.