Oh no, but it’s a BULL.
It’s a weak breakout. I am betting that the market will turn back down.
The tape is all that matters.
I do see a huge rally in the US Dollar coming, as we are nowoversold and only dipped about 6 dollars. My indicators are starting to show the US Dollar rally will likely continue. I am not sure of the targets yet, but I have two in mind above the 100 level. But the weekly is now oversold.We have already rallied up huge on the USD, that we agree with, but due tothe fundamentals, and technicals we see the dollar continuing this rallyingup higher soon.
muted response on DXY post FOMC minutes. Gary what have you got the break out level at? A test of the breakout should confirm either way
2120 on the S&P.
Sorry i meant DXY
Comments are closed.