Dollar decline puts Emerging markets back into Focus

SPX’s stalling out near all-time highs likely results in some coming consolidation for US stocks as part of the existing intermediate-term uptrend. In the short run, DJIA, RSP, and IWM have lagged behind the performance of SPX and look to be near resistance. Furthermore, US Technology has also pushed up to challenge meaningful resistance, which is suggestive of near-term consolidation.   However, in the bigger pic...

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