Andy’s Technical Commentary__________________________________________________________________________________________________
Dollar Index Daily w/ Weekly Support
One of the things we’ve been consistent on in the last several weeks was the concept of buying/owning theU.S. Dollar. This market continues to look like it wants to head higher. I’m not sure where the upper end of this move might lead to, therefore this is one of those trades where you “stay long until your wrong.” In other words, keep raising the “stops” and keep holding the length. There’s a decent chance we’re still looking at an“expanding” triangle from the lows; we could be just in the middle of an explosive -e- wave higher.Bulls should consider using 82.21 and 81.19 as supports, or “stop” areas for long positions. Any break of the blue uptrend line should certainly cause a full blow exit of any long trades.