SPDR S&P 500 (SPY): Pivot is 24.05 on uup according to the d...

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Re: nowwhat2 post# 243147

Friday, 10/13/2017 6:55:25 PM

Friday, October 13, 2017 6:55:25 PM

Pivot is 24.05 on uup according to the daily... it appears the prior (up) trend is weakening according to adx line... which may be a sign of downward pressure... according to your chart we are around a decent support zone in the dollar and may warrant a bounce but also it has breached its 20 day but closed just above today... so that's also evidence that the uptrend may stay intact here but Imo we will see a bit more down in the short term... gold looks like a bounce and also tlt both at the daily pivot and A/D rising so with all that said it puts downward pressure on the dollar... which puts uup puts in my portfolio... we shall see... just my .02 spy

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