Today’s chart of the day from All About Trends is UUP which we’ll use as the proxy for the US Dollar.

11-14 We used to say dollar up-markets down, dollar down-markets up was all the rage and it still looks that way here, but see the USD? It’s bumping up against a resistance zone, the 200 day average and overbought. Should the Dollar pullback, we’ll see if the dollar down-markets up is still in play.

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