SPX technical check/Big news if this FX story is true/AEO on retail, LSTR on trucking

Just a technical heads up on the S&P 500, and it's only one gauge so don't look at it in isolation. The 7 day Relative Strength Index closed yesterday at the highest level since July 2024. It's been a pretty powerful rebound for sure. The CNN Fear/Greed index which bottomed at 3 in April and which can't go below zero and thus uber 'Extreme Fear', closed at 69 yesterday, nearing 'Extreme Greed.' https://www.cnn.com/markets/fear-and-greed

SPX 7 day RSI

This story is important to follow if there is more to it. Bloomberg News has a note this morning that "US-Korea Currency Talks Fuel Bets Trump is Open to Weaker Dollar." In the piece it said, "The dollar fell after a person familiar with the matter said the US and South Korean governments discussed currency policies this month, fanning speculation President Donald Trump's administration is open to a weaker greenback and will make exchange rates a feature of upcoming trade talks."