Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

UUP Dollar Index at Pivotal Spot

The UUP Dollar Index is being watched closely these days after putting in a major double top at its blue upper long term channel line (shown in the lower chart).

The upper daily chart shows that the dollar is barely hanging on to the bottom of that short term channel, it's actually just below it but it could move back up and be considered a misstep.  

Trade well my friends


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