From	To
Email: * First Name: Last Name: Send a copy to myself	Email: * First Name: Last Name:

Commentary Topic from greenfaucet

A Quick Glance at the Key Level for the US Dollar and UUP

The US Dollar Index, and thus the popular ETF UUP (NYSE: UUP), are challenging a key 'line in the sand' which could determine whether we get a 'support bounce' here... or the more ominous rounded reversal and potential head and shoulders pattern plays out to the downside.  Let's look at this level and why it is important. First, the Daily chart of UUP shows our confluence support zone: