If we don’t go down much further then the EWO is extremely Bullish… In fact it’s the formation that I look for. The only problem is that it could be deeper (ie., lower peaks)… Therefore, we need to carefully watch tomorrow to see if we get a lower peak below the line indicated on the chart.  If we do, this is a warning to Mining Shorts…. Lately JDST has been following the Dollar pretty closely…. From an indicator standpoint look for trigger line crosses as discussed before… Note that the FastSTO has already turned up… expect one last turn down (normally) and then up with the other indicators to signal a buy…

0617_UUP2HR_EOD

*** A break below 24.47 would suggest that our C wave is going lower. We would adjust our A and B counts accordingly…