Bet Your Bottom Dollar

Interesting setup on DX that happens to complement the SPX/COMP/NYA charts posted Monday afternoon.  Check out the RSI trend line support.

I’m inclined to believe the next several days will be very good for the dollar.  For equities — not so much.Meanwhile, the EURUSD shows signs of finally breaking down.  Both the pair and the RSI action show a rising wedge that’s bumping up against a well-established channel.


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