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. 

A Beautiful Flag Up Top Swimming the Channel

 
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