I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, September 29, 2009

Update on US Dollar

Here is a quick update on the US Dollar. The EW count, as well as an examination of the 2 year support / resistance chart, still supports a bottom call here . The UUP chart shows the intraday bullish breakout of the down wedge as well as a successful retest.

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