The collision of global markets and social mood

Thursday, December 29, 2016

Quick Update

The S&P 500 continues to make progress toward the previously cited 2242-2245 area.

Due to the rally on the 27th, there is a slightly different 1:1 Fib target at 2244.73.

Most of the moves across the markets, including the S&P, have been on very light volume, so the moves might be faded at some point. Treasuries and natural gas especially.

Today's notable headline: USD declines against all of its G-10 peers.

However, this is after a significant rally to its highest levels in a decade.

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