Options Wonderland

[dalcindo]

Re: UUP

A lot of the forex expert are expecting a continue decline in the USD. Howeve, the charts are pointing to a near-completion of UUP's contact with supports. Additionally, secondary indicators are lining up into a pre-rally pattern.

So, to remain purely technical, I stay the current long expectation for the UUP. HOWEVER, failure of said supports to hold will not only come with no other solid support for the USD, but it may redefine a new economy for a yet more depressed value.

This week may provide some direction.

D.