Futures on the Dollar are up this morning 0.45%, the Dollar also broke out of the down-trending channel. There is strong resistance up at $79.025 from two previous lows. The
Trend Finder II did give an intraday buy signal on the daily chart, but this needs to hold till the close. The Trendfinder has a great track record on the Buck!!!! Click here for a live, and updated chart!!!
The Median channel line is still being respected as resistance, and minor support has moved up to 1294.83, with major support at 1275.10. The count on the squiggles are still mixed, the SPX needs to break-out in one direction or the other to clarify if the count is bullish, or bearish.
The Dollar did signal a buy this morning on the Trendfinder, this signal needs to hold thru the close to be confirmed, chart coming soon!!!
The Median channel line is still being respected as resistance, and minor support has moved up to 1294.83, with major support at 1275.10. The count on the squiggles are still mixed, the SPX needs to break-out in one direction or the other to clarify if the count is bullish, or bearish.
The Dollar did signal a buy this morning on the Trendfinder, this signal needs to hold thru the close to be confirmed, chart coming soon!!!
Rising bond yields & rising USD...are commodities toast?
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