As you know the dollar has an inverse correlation with most commodities, including the P.M.s and equities. I've ben talking about these wedges with divergences being some of my favorite patterns.
The daily chart of UUP. If the chart closes anything like it looks like now, I'd guess that we are out of the breakout zone of volatility these charts have been seeing and the dollar or UUP more specifically should have an upside target of $25 or so.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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