I set the Double Bottom Hump (DB Hump) target and a possible final target on this chart several weeks ago (when the dollar broke above the DB Hump) but I never did post the chart – until now. My read is there are stresses in the European Common Market, and stresses in China. We haven’t heard a lot about them, but they are there, smoldering beneath the surface. A rising dollar shouldn’t be a problem, but a dollar rising this fast ought to make one sit up and take notice.

$USD – Weekly