The S&P 500 e-mini is trading virtually inverse to the U.S. Dollar Index tick for tick. So far the major institutions in the know have just bludgeoned the U.S. Dollar during the month of September. However, today the dollar is putting up a little fight and guess what happens? The major stock market indexes are trading lower on heavier volume. There is still another 40 minutes in the trading day and if September holds true to form the U.S. Dollar Index could just plummet by the close at 4:00 pm EST. What else could one expect?
