UUP/$USD Update

This is yesterday's UUP update from 10:30 a.m.

As early as 10:30 yesterday we had negative divergences in the 1/15 min charts.

The bottom line from yesterday's update: " I suspect UUP will pullback which will have effects on correlated assets, but considering the longer view, I think there's something bigger brewing in the $USD/Dollar index that will play out soon."


Here are the updated UUP charts...

 A positive 1 min opening chart.

 A positive 10 min opening chart

 This was the 15 min chart that warned of a pullback early yesterday.

And the hourly chart remains strong, as if someone knows something about the dollar that we don't.