S&P made a new bull market high today with futures trading as high as 2951 but closed lower at 2943. However, VIX closed bullish up 2.99% at 13.11. Hourly and 4-Hourly trend level is at <HT1> and <4HT1> respectively on S&P futures. Price needs to hold above <HT1> to continue uptrend.
Daily sell signal for US Dollar futures from Thursday of last week and similarly buy signal for EURUSD continues - DXY futures closed lower at 97.58 from a peak of 98.058. Unless DXY futures can hold above hourly trend level of <DXY_HT1> and uptrend, sell signal continues. Support is at daily trend level of <DXY_DT1>.
March Core PCE price index came only at 0.1% m/m and slipped by -0.1% reading at 1.7%y/y - this is the number FED closely monitors and adjusts policy decisions to keep it close to 2%.