Dollar Breakout: Trouble Ahead for Stocks?

While most uptrends have come under pressure in December, the rally in US Dollars has remained strong.

The US Dollar Index $DXY has been climbing in a near-vertical line since it bottomed at the lower bounds of its range three months ago.

Today, DXY is attempting to break out of a base as it trades at its highest level in over two years.

A decisive breakout in the dollar could shift the tide and put significant pressure on risk assets.

As long as the DXY holds above the critical 107.50 level, stock market bulls are on high alert.

Dollar headwinds are the last obstacle stocks want to face heading into the holidays.

Discover Sean's game plan for navigating potential market changes next year. 

Click here to watch his exclusive session on the options strategies he’s preparing for various market scenarios.

Alfonso

I'd really appreciate it if you could spread the word!

If you know anyone who might find this valuable, feel free to share this note to them.

Here’s the link where they can sign up and join in!