SPY leading positive 5 min.
All of these good looking charts, suggesting near term upside are strange to see, considering not only that the Euro has been trading down, but that the New Zealand Dollar was downgraded as you can see by the reaction on the FX chart, this is a carry trade favorite and a downgrade means that carry trades will have to be unwound, which should be pointing to market weakness as an unwind in a carry trade usually means selling equities. Very interesting.
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