Dollar Awaits Sparks for Breakout as Retail Range Trades S&P 500, Oil

Dollar Awaits Sparks for Breakout as Retail Range Trades S&P 500, Oil

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S&P 500, Crude Oil, Dollar and Bitcoin Talking Points:

• The trading week opened to a modest ‘risk on’ that earned an S&P 500 break that doesn’t seem to solidify flimsy conviction
• Retail traders as a group often make poor trading decisions, but their propensity for technical levels seems to align to recent range conditions
• Sentiment readings are the most tangible fundamental theme through Tuesday with US consumer confidence top listing – but beware sheer risk trends and chatter on inflation

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