MORE ON THE DOLLAR/UUP

LIKE I SUSPECTED LAST WEEK, THE DIP BELOW SUPPORT SEEMS TO HAVE BEEN A FALSE BREAKDOWN-THIS IS PART AND PARCEL OF THE NEW DYNAMICS OF THE MARKET.

 UUP's false breakdown seems to show significant accumulation at the breakdown-these are the false signals that we have to be aware of, they are near 85% of significant chart patterns in larger stocks.

 Here's the daily Trend Channel and the stop I'd consider using, it's surprisingly close to the next chart's intraday stop.

Here on the 60 min x-over screen, we have a positive x-over (long signal) and the 22-bar moving average where I would expect any pullback to this area to hold is around the same level as the Trend Chanel Above. I think UUP is in fairly good position right now to consider any long trades.