I'm taking a look around at some of the indications in the market.
First yesterday I posted this about the dollar showing signs of a decline
The dollar has dropped today.
Treasuries have been one of the biggest safe haven trades during this decline...
TLT vs the SPY (red)-you can see the obvious flight to treasuries.
In addition, this has been the most serious break of the 50 bar average since the decline started, volume s the highest and RSI is negative here.
ADX s also showing signs of a reversal, the trend channel here has held the entire TLT uptrend, the channel has widened this morning from volatility, I'll be watching for the channel to turn down and or be broken.
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