S&P continues to consolidate below overhead resistance of 2929 and inch higher with futures closing at 2911 today. However, short term cycles are down tomorrow (04/17) and may lead to downside pressure unless S&P futures can continue to hold above hourly trend level.
Choppy price movement in US Dollar Index futures continues - daily and hourly cycles are down. However, buy signal from cycle indicator continues as long as price can get past key hourly and daily trend levels and hold above them.
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| US Dollar Index Futures Daily - 04/16/2019 |
US Industrial Production for March slipped by -0.1%. Housing market index for March improved slightly to 63 from 62.
