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S&P 500
4,967.23
(
-0.88%
)
US TECH 100
16,554.00
(
-2.26%
)
Dow Jones
37,986.40
(
0.56%
)
Brent Oil
86.63
(
0.00%
)
Bitcoin
63,957.18
(
0.21%
)
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techcharter

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techcharter

Re: None

Friday, 08/28/2015 7:44:10 PM

Friday, August 28, 2015 7:44:10 PM

Post# of 51770
US Dollar index ready to blast higher.

Since the March 2015 highs, the US dollar index has traced out a double zigzag correction.

wave a / zigzag 1 from March 2015 highs to May 2015 lows.
wave b / triangle from May 2015 lows to August 2015 highs.
wave c / zigzag 2 from August 2015 highs to August 2015 lows.

The dip below the 200 day moving average was a bear trap as the dollar reversed and broke above the average.

http://stockcharts.com/h-sc/ui?s=%24USD&p=D&yr=1&mn=6&dy=0&id=p55003451777
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