Remember in December when everyone was calling for 105, hell even 110 dollar? Yeah about that. I was not one of them. Look where we are now, printing a 97 handle.
The economist painted this as the “Almighty Dollar” if you remember this cover
This was December 3rd, when the dollar topped. It also lined up with a 1.61 retracement from the bull market rally start, and is also now a legit failed breakout on a weekly basis. Important hart below.
You have the dollar closing outside the BB on a weekly breaking an accelerated daily and weekly trend after a monsterous rally. Everyone who has fed you bologna and been bullish the King since 2015 are now losers and watching it puke.
The bounce is next week, I am looking for the Euro to pull in hard and metals to hold serve. Then the “Real” Dollar puke begins and metals rip to the moon through that big ass trendline here
The Dollar chart is just gross.