From the Desk of Ian Culley @IanCulley
Sellers beware!
The US Dollar Index $DXY is kicking ass and taking names.
The dollar has ripped higher ever since the July failed breakdown.
It’s now challenging fresh six-month highs and a critical former resistance area.
An upside resolution for King Dollar will undoubtedly pressure risk assets – not the ideal scenario for stock market bulls.
And the dollar rally has plenty of room to run if the DXY is a reliable indicator…