hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.
minthan wrote:hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.
UUP breaks out, watch RSI to not drop back under 50 line here. I am Dollar bullish.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
minthan wrote:hi guys, does that look like a cup&handle broke out on the dollar for the daily chart? if it is, we are looking at dollar blasting off to $85 very soon. right now dollar is at short term resistance on hourly chart.
UUP breaks out, watch RSI to not drop back under 50 line here. I am Dollar bullish.
TLT, /ZB at or above yesterday's highs - bearish
EUR/USD - near lows of the year - bearish
AUD/JPY - top of Monday's (lower) range - way off of it's overnight highs - neutral/bearish
/CL - top of yesterday's range - neutral/bullish
/GC - off it's overnight lows, but below yesterday's range - bearish
VIX - below 200SMA - bullish/CONFUSING
IWM - at yesterday's close - fully closed gap, and looking like a bearish triangle - bearish
QQQ - similar to IWM - bearish
/ES - near the middle of the larger 1220-1245 range - at the day's open price (cash open) - neutral
SPX - above day's open - potential ascending triangle - bullish/neutral
SPY - no idea...
still looks like an Ascending Triangle therefore the bias is up.
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