UUP Dollar bullish ETF weekly chart showing oversold conditions with a falling wedge and positive divergence. Thus, UUP will want to head up. Since this is a weekly chart, buoyancy in the dollar would be expected as the next few weeeks tick along. Rumors of the dollar's death are greatly exaggerated. UUP is ready to bounce from that green circle at any time, she's simply picking the bounce point now. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.