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Rocking chairs keep people busy going back and forth, yet they make little progress. The last 90 days the Dollar and the 500 index lean towards the “rocking chair” situation, per keeping people busy, yet making little net progress.
All rocking chair patterns in the past have come to an end and this one will too…. The flag in the Dollar has to end soon which should impact the pattern of the 500 index and the rocking chair pattern.
Is the price action this morning really due to the job/jobless report or the Dollar and patterns at hand?
