{"id":33809,"date":"2012-11-28T19:02:22","date_gmt":"2012-11-29T00:02:22","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=33809"},"modified":"2012-11-28T19:02:22","modified_gmt":"2012-11-29T00:02:22","slug":"us-dollar-and-market-relationships-near-term","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/28\/us-dollar-and-market-relationships-near-term\/","title":{"rendered":"US Dollar and Market relationships near term"},"content":{"rendered":"<p><strong>Nov 28th- David Banister- <a href=\"http:\/\/www.thetechnicaltraders.com\/237-9.html\" target=\"_blank\">www.themarkettrendforecast.com<\/a><\/strong><\/p>\n<p>The SP 500 is likely to pullback from a 66 point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the Summer rally. \u00a0That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within a bull cycle.<\/p>\n<p>Near term, we had a nice run to 1409 and met resistance there. \u00a0We would expect a pullback to the 1384 areas on the SP 500, if not a bit lower in the coming days. \u00a0The US Dollar is likely to get a bounce which will also pull down Precious Metals along with stocks near term.<\/p>\n<p>We think this could be a opportunity to buy as we approach pivot pullback buy points, but of course we will monitor in the event the pullback becomes more dire than expected.<\/p>\n<p>Below are charts of the US Dollar and The SP 500 Index and potential near term movements to monitor. \u00a0Over at our we closed out long positions in NUGT ETF with nice gains yesterday as well as stocks with trading profits while we watch the pullback action.<\/p>\n<p><a href=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2012\/11\/1128-tmtf-Dollar.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"1128 tmtf Dollar\" src=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2012\/11\/1128-tmtf-Dollar.jpg\" alt=\"\" width=\"670\" height=\"509\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2012\/11\/1128-tmtf-sp-500.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"1128 tmtf sp 500\" src=\"http:\/\/www.themarkettrendforecast.com\/forecasts\/wp-content\/uploads\/2012\/11\/1128-tmtf-sp-500.jpg\" alt=\"\" width=\"689\" height=\"439\" \/><\/a><\/p>\n<p>Consider joining our forecast service with a 33% coupon to get daily updates and keep you on the right side of the markets. Go to <a title=\"d\" href=\"http:\/\/www.thetechnicaltraders.com\/237-9.html\" target=\"_blank\">www.markettrendforecast.com<\/a> to sign up for free weekly reports or the subscription discount.<\/p>\n<p><strong>David Banister- <a href=\"http:\/\/www.thetechnicaltraders.com\/237-9.html\" target=\"_blank\">www.themarkettrendforecast.com<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nov 28th- David Banister- www.themarkettrendforecast.com The SP 500 is likely to pullback from a 66 point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the Summer rally. \u00a0That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/11\/28\/us-dollar-and-market-relationships-near-term\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US Dollar and Market relationships near term&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33809","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=33809"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/33809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=33809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=33809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=33809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}