This morning, the S&P 500 Index e-mini futures (ES U1) are trading higher by 3.25 points to 1307.50 per contract. Obviously, if the major stock indexes are trading higher before the opening bell that will usually mean that the U.S. Dollar Index is trading lower. The U.S. Dollar Index (DX U1) is trading lower this morning by 0.25 cents to $74.75 per contract. This week, the S&P 500 Index has staged a sharp three day rally, meanwhile, the U.S. Dollar Index has had a sharp three day decline. The U.S. Dollar Index is still dominating every move in the stock market as it continues to trade inverse to the major stock market indexes.
