Friday, June 10, 2011

UUP/$USD Continued

Very early Thursday a.m. I posted on the dollar and how it seems to be under accumulation, but in a very tight and specific zone, very low in the range.

 30 min chart showing accumulation areas.

Now that UUP is up .80% today, it looks like the specialist may be trying to knock it down again back into the accumulation zone. This divergence hasn't made it to the 5 min chart yet, but it's very early.

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