Euro and the SP

For the first time in a long time the SP and the Euro are not working in tandem. The Euro DID have a big night up but has been coming off since the NY open, as has the Yen, yet SP's have been of course on a tear. TY GM , Ben B et al. How long does this key correlation of the risk trade continue to diverge? This occurred during the period  just  preceding the SP high as well.

 SP Dec Hourly

 

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Euro Dec Hourly

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Note the SP's have reached the 50% retrace of the move down.