SPX/NDX BackTesting Minor Uptrend’s Break

12:01 p.m. ET A lower U.S. Dollar Index (-0.25%) and lower yields (2-yr -2bp; 10-yr -3bp; 30-yr -5.5bp) crate easier financial conditions, helping index futures/stocks this morning. Here’s S&P futures with the U.S. Dollar Index (inverted for context) that shows the negative correlation trend from April’s crash low. S&P futures (60m) have gained on a weaker…