I flashed this chart earlier in the week when the US$ was at the "goal line". It's not anymore. It's in the end zone. And it's bullish - big time.
My critical resistance level was 75.08, and the US Dollar Index is trading comfortably above that now at 75.77, up a whopping +5% since July 14th (when the S&P 500 hit an intraday low of 1201).
Dollar up, Euro down, Commodities down, inflation abates... I like it, for a "Trade".
KM
My critical resistance level was 75.08, and the US Dollar Index is trading comfortably above that now at 75.77, up a whopping +5% since July 14th (when the S&P 500 hit an intraday low of 1201).
Dollar up, Euro down, Commodities down, inflation abates... I like it, for a "Trade".
KM
- US$ Breaking Out
(chart courtesy of stockcharts.com)