08Apr3:51 pmEST
Clarifying a Point About the Bulletproof Dollar
Into the bell, I just want to clarify that in order for me to presume the Dollar has broken up and tut from the bull flag consolidation we have been discussing, I want to see UUP ETF clear and hold over the $26 level.
If we do see that, then I would also assume crude and energy stocks could be in for some further downside, if not most commodities in general and derivative miners.
Until that happens, the same analysis applies--Another weekly bull flag for the Dollar, albeit with the risk being of the rise being too steep beforehand.
See you after the bell for my video market recap.