ES Journal Archive (2009 - 2010)

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Euro-SPY connection remains

By Arthur Hill

Market Indicators

There was a little delay, but the positive correlation between the Euro the US stocks remains in place.The Euro ETF (FXE) bottomed on June 29 and SPY bottomed two days later. FXE surged in early July and SPY followed the Euro high the second week of July.

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Source :

http://blogs.stockcharts.com/dont_ignore_this_chart/2010/07/euro-spy-connection-remains.html
 
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