The US Dollar Index $DXY has been stuck in a tight, messy range for over a year — moving just enough to keep traders second-guessing, trapping bears on breakdown attempts and bulls on short squeezes.
The month of February didn't go out quietly. Volatility was present throughout shaking up both bears and bulls — eventually leaving the S&P 500 in the red.
There was notable strength in Energy, while Software got hit hard...
The US Dollar Index $DXY has been locked in a messy range for over a year, wobbling just enough to make everyone second-guess themselves, trapping bears on breakdown attempts and bulls on squeeze attempts.
Software stocks have been under pressure since October, but the evidence suggests a tradable low may be forming — and a short-term bounce could be underway.
The iShares Software ETF $IGV just registered its highest volume...
