Dollar daily - I had a really good EWT count on this one. See fib target boxes. OK, here is the deal. Price is at the upper trendline. RSI is at the upper trendline. MACD is at the upper trendline. If it is gonna turn back this would be a great spot, of course this is a good spot for it to break out as well. I'm in tune with Mark Faber's thinking that the dollar is going to $0 or somewhere near there in a few years, so a pop here to retracement area then continued weakness is what I am thinking.
Here is my Dollar v.SPX comparison chart. Look at the pink lines on RSI. The divergence in the MACD histogram and the consolidation in S Sto. Barring a really dramatic move in the dollar up, this chart says not yet on the market fall. Look for a divergence in RSI.
