UUP, daily2, outlook
sp'daily5
Summary
The levels are very clear for the USD... any further higher... and the secondary downside target of DXY 90/89s will be out of range... not just for weeks/months.. but YEARS.
The implications should be clear to anyone... not least in terms of Oil and the Precious metals.
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notable weakness: coal miners, ACI -10%, ANR -12%, BTU -4%... the sector destruction continues.
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VIX is reflecting a moderately concerned market...
Next resistance is a rather obvious 15.00. The big 20 threshold is still a very long way up.. and would require USD > 100...
In either case... an interesting start to a short week.