Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Back in late September I mentioned how the major U.S. indexes seemed very tied to the euro – at that moment the euro was in a descending channel, consolidating a big move from early August. Which is essentially that the S&P 500 was doing. Now we have seen euro strength this week, especially today. And what have we seen from the market? The exact same thing.
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