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

