Keeping Things Balanced

After breaking below fifteen-month support, the U.S. Dollar ETF, below on the daily timeframe, is printing a bullish engulfing candle today, perfectly coinciding with commodities and commodity stocks coming in. 

Also note equities in general seem to not be so high on the Dollar bouncing back, despite rallies and news in some beat-up names like VRX YELP. 

Indeed, it will be telling if Dollar bulls can build on todays engulfing candle upside reversal for even a modest counter-trend rally and the subsequent fallout. 

I will cover this topic further for Members tonight.