View: USDollar Index Daily Log.png

USDollar Index Daily Log.png

Is the US Dollar about to fall?  
US Dollar Index daily log: We have now developed a fairly large negative reversal in the daily RSI (dashed line) which usually leads to lower lows. My personal "view" of the current formation is that we are likely in an a-b-c down wave (see my previous post from 2 weeks ago of the weekly log). Notice in this view b= .62 retraction of a. We are now possibly at .b which is a .5 retraction of .a. Would I "fib" to you? 
Have a great weekend. Tomb


I hope you are wrong, because I am super bullish USD! Back to 100+ we go (I hope). 5/20/16
Them that should mean a major sell off in equities should we achieve 100 on usd 5/22/16