Technical Tuesday - August 11, 2020 - Equities

publication date: Aug 11, 2020

The most important thing we would mention here is that the S&P 500 is into our MFU-3 target area of 3360 and a zone where we would expect a pause or maybe a short-term pullback.  The Dow Transports have achieved our upside target at 11200, and we would be taking partial profits right here.  There is risk of a pullback from this zone.  We highlight the U.S. Dollar Index (DXY) on page 9.  We believe the dollar has bottomed, and we expect to see it move higher from here.



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