Today at 12:50 pm EST the InTheMoneyStocks.com traders were alerted to an intra-day head and shoulder top pattern on the U.S. Dollar Index. This move lower in the U.S. Dollar Index will often help to inflate the major stock market indexes higher. That is exactly what happened today. The target for the bearish pattern is around the $79.45 level. These days it is very important to know how these patterns will play out as the U.S. Dollar Index effects everything in the stock market.
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