Can The U.S. Dollar Index Decline Enough To Save The Markets?

The U.S. Dollar Index has now declined since 3:00 am EST when it traded as high as $78.31. Currently, the U.S. Dollar Index is trading around $77.70. As most of the trading world knows by now, when the U.S. Dollar Index declines most commodities and stock market indexes will inflate and trade higher. That scenario has been the case in the past and seems to be the case today as the Dow Jones Industrial Average has rallied higher by nearly 60.0 points since the low of the session. The S&P 500 futures have also rallied sharply off the lows of the session. At this time the ‘buy the dip’ mentality is still intact.

About Nicholas Santiago 576 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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