Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week

Was the better-than-expected US 4Q GDP reading this past session a further tipping point for the bulls? The S&P 500 and Nasdaq 100’s technical response this past session seems to insinuate a groundswell is forming. Yet, the Dollar’s extreme reticence may be a better picture of the financial system’s backdrop.