A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?

A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?

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Breakdown Talking Points:

• The ECB announced its third round of easy money (TLTRO) in five years, that deflated the Euro but it didn't seem to bolster 'risk'
• As another group significantly lowers growth forecasts while listing concerns, fundamental pain is mounting for S&P 500 and Dow breaks
• Top event risk Friday will be the NFPs but we should follow more closely the growth rather than Fed line

See how retail traders are positioning with these critical technical moves in EURUSD, the Dow, gold and other key markets on an intraday basis using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)