The Dollar is in a Bull Market
Period ! Full Stop
It has been in a bull market since the Gold Top in 2011.
This is not ambiguous not debatable.
IF the bottom line is breached we can say the Bull has been reversed and look for a new downtrend
BUT until it happens this is A Dollar Bull
You can add any indicators or cycles or Elliot Waves
You can use PNF Charts …anything …you can say the fundamentals are bearish
BUT !
a Bull Market is a series of Higher Highs and Higher Lows
A bear market is a series of lower highs and lower lows.
Is it in a bull market or is it a rally in a bear market?
https://www.marketwatch.com/investing/index/dxy/charts?time=8&startdate=1%2F4%2F1999&enddate=3%2F12%2F2015&freq=2&compidx=none&compind=none&comptemptext=Enter%20Symbol(s)&comp=none&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&size=2&style=1013
9 years is at the very least a Cyclical BULL market…
Good as I bought the UUP at the close on Friday