There is a similar set with the U.S. Dollar that you should marry up against your #NazVol signal.
The dollar did exactly what I thought it would do.
- It bounced off the oversold lows at the end of August
- Then it started to make lower highs
- Then it made higher lows
- Then it rallied...
And now, it's signaling overbought on an immediate term trade basis. That’s a short term duration versus a bearish trend.
Let it be known, the dollar is still bearish trend. It is still an open question on whether we are going into Quad 3 or Quad 4. But I surmise that we are going to have a Quad 3 dollar day coming soon. It may not be right now, but maybe tomorrow or the next four days. Who knows.
If you can’t go both ways you aren’t going to like me and Hedgeye. We are proud of the process. It’s a good day to be realizing the other sides of things.