Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 18, 2017

UUP Dollar Index Continues Year-Long Slide

The UUP Dollar Index peaked at the US Presidential Election and has been steadily declining since then.  


click on image to enlarge



The UUP did find double trend line support three months ago and bounced from the blue and green channel lines but it has tried twice to breakout of the one year declining red trend line in the past two months and it has failed both times.  


Trade well my friends

Alan



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