A Bullish Flag is Emerging In S&P 500

S&P 500 has been on a roller coaster ride since November 2015. First it meandered along for a while to close the year. Then it dropped like a rock to start 2016. Then, it staged a turnaround to recover the lost ground before getting into some headwinds. But, now it is forming a bullish flag(i). The October 2014…

The Dollar Sense

Last week the minutes of FOMC’s April meetings were released. For some time, the market was anticipating that the Fed will keep the option to hike rates in June open. Hence the dollar had been gradually rising along with the volatility in the equity market for the last few days. The initial reaction of the market after…