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Elliott Wave Video Crash Course
It’s key to not that if the euro has topped and reversed, and the dollar bottomed and reversed, and financials continuing to lag badly, it will put pressure on stocks over the long term. The XLF appears to have thrusted from a triangle which is now reversing itself and is now outperforming the overall market to the downside again. A long term euro decline and dollar rally, combined with a severely lagging financial sector, spells bad news for stocks over the long run.