Dollar Update
Gap Up Rules apply… A little disappointed in the lack of follow through today in all the stocks I track… We might get a little more pullback in UUP to finish the minuette iv then up to finish the v of (i)… The wave (ii) pullback might be trade-able to the long side but may be risky unless you have cleared money and can exit the trade quickly… EWO has broken above 0.0 line which is a good sign… keep looking for higher peaks with higher highs… Remember when we get a lower peak with a higher price, the move is over…..
JDST is tracking pretty well with the Dollar. Indicators are pointing down for completion of minute (ii) although the SlowSTO (not shown) is pointing up… Wait and watch….