This morning, the S&P 500 Index e-mini futures (ES H2) are trading slightly lower by 2.25 points to 1336.75 per contract. The small decline in the S&P 500 Index can change on a dime if the U.S. Dollar Index declines. Nearly every trading session the U.S. Dollar Index will decline when the stock market begins trading at 9:30 am EST. In my humble opinion, the markets continue to trade inverse to the U.S. Dollar Index, until that relationship changes the U.S. Dollar Index chart should be followed by every trader and investor at all times. Many investors are waiting for a resolution out of Greece. We shall see if a bailout deal really gets done or if Greece actually leaves the Euro-zone; something has to give eventually.
