The S&P 500 went back and forth during the session on Thursday as we continue to grind overall.
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The US dollar fell precipitously against the Japanese yen and of course several other currencies around the world, and as we broke down below the 108.50 level, that was a very bearish sign.
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The EUR/USD pair rallied a bit during the day on Thursday, breaking above the 1.20 level. The British pound rallied during the day, breaking the top of a shooting star from the Wednesday session.
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The WTI Crude Oil market fell during most of the session on Thursday, but found enough support at the $48.50 level to turn around and form a hammer.
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The S&P 500 had a slightly positive session on Wednesday, as we continue to churn above the 2450 handle.
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The US dollar bounced from the 108.50 level during the trading session on Wednesday, which is an area that we have seen buyers come back into the market several times.
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The EUR/USD pair tried to rally during the day on Wednesday, but sold off slightly as we await words from Mario Draghi about the currency itself.
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The WTI Crude Oil market rallied during the day on Wednesday, as we continue to reach towards the $50 level above.
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