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IT'S STILL ALL ABOUT THE BENJAMIN'S

|Includes: SPDR S&P 500 Trust ETF (SPY), SPY

Even as the dollar has caught a strong rally on the daily chart as of late the SPX has stayed near the highs. Please realize that the currency market trades 24 hours. Therefore, the inverse move with the dollar takes place when the market opens in New York at 9:30am EST. This is why we say the the SPX/U.S. Dollar inverse relationship is reactionary and not proportional to each other. Note the high on the dollar was the  exact time as the low for the SPY.