#815 Oscar Carboni's Presents " Weekly Charts Lead the Way"

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[MrRynnie]

O, since the S&P moves inversly of the $, for the s&p to move higher over the nxt week or two, wouldn't the dollar have to move lower out of its channel and break the pattern? If the pattern holds, wouldn't the S&P move lower as the dollar goes higher within its channel, at least for the short term?

[futuresanalysts]

@MrRynnie In what I like to call "leg two" of an economic recovery we can absolutely see both stocks and dollars move higher together for a while. That sort of correlation does not last very long but it does happen and is expected.

[newcourt77]

Really Nice Analysis Oscar. Unbiased, clear and concise

[aliandaliza]

very informative, as always Thanks !!!

[TikiManTimoki]

like the new format - Thanks great TA

[GeordieFX]

My money is on the US indices going into a trend reversal tomorrow or Monday. I suppose that's what makes a market. I have never traded in the pits and have far from 29 years experience so if it's you that takes my money tomorrow... good for you but don't waste it :-) I enjoy your insightful vids. Great name BTW, are you related to the mafia?  :-)

[lksintl]

great work O., what do you see with China? has the $SSEC Shanghai bottomed yet?