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Author: Bernie Mitchell

UUP (Dollar) Hit’s Downside Target

The UUP corrected toFibonacci Cluster Support to the tick (21.72) as discussed in our Monday trade. A good bounce is now likely. This should coincide with a strong stock market selloff from the spectacular 7 day rally. You can...

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Dollar (UUP) Sells Off

On our weekend Commentary, we said “…expect the UUP to retrace it’s recent gains to Fibonacci Cluster Support (21.72), which will coincide with a stock and gold stock rally.” The UUP gapped down at the...

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Covered Short SPY

Based on our bullish Commentary on the stock market posted 10/10, we exited our short SPY (avg 116.41) by going long ES futures on the open Sunday 10/11 at 1157.75 equivalent to SPY 116.31, netting about 10 SPY ticks....

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Dollar Meets Objective

10/2 Fib Commentary, the Dollar (UUP) had a blow-off price objective of 22.65. That objective was almost reached on 10/04 with a 22.65high. Current major Fib Cluster Support and downside target is 21.72 with first target 21.91....

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