Dollar Bears are Coming Out to Play Ball – The Bears Last Stand

Finally, with the outside week reversal the Bears have come to play ball. A lot of work to do but right now that weekly candle is in control and may be the bears’ last stand. I am in this camp that the Euro is going to rip higher and the dollar has topped.

My chart of the week is one reason why I believe this because emerging markets have ripped off big support.

The euro is another reason I believe this because it has a failed break down pattern after multiple attempts over almost a month. 

Yes I know, the dollar leads, and you get the dollar right and you get a lot of other things right.

Well right now the dollar has led and no one has followed. Stay Tuned. Below 101 and we are testing 100, a big area.

dxy

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2 responses to “Dollar Bears are Coming Out to Play Ball – The Bears Last Stand

  1. Pingback: King Dollar is Sliding, Under 100 | The Big Breakout·

  2. Pingback: This is the Bears Last Chance $SPY $SPX $NDX $QQQ $DJIA $DIA | The Big Breakout·

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