The dollar is looking strong but we are due a pullback… Minor waves 1 and 2 of Intermediate (3) are complete. We are now in a minute (iii) of 3. Towards the EOD it looked like (iii) had completed but in the last few minutes showed strength. If (iii) has completed at 25.62, I would normally be looking for a 38.2% pullback to 25.40; however, don’t count on it. With the strength shown, we may only retrace to 25.46 the previous minuette iv low (if we get that).  Minor 3 target is still 26.38.  EWO once again peaked ever so slightly below the previous peak. It’s still telling us we have a higher prices to come. Note that we had trigger line crosses across all indicators prior to the last few minutes of the trading day… The ULT is telling us to expect a little more upside but the RSI (13) is telling us a correction is very near (MACD, not shown, is rolling over)…

0717_DollarEOD

JDST has been following the dollar up which implies higher highs for JDST… 🙂