goodguy

We did get a bounce. But not sure what's next.

INDEX:DXY   US DOLLAR CURRENCY INDEX
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Hope you had a great Memorial day break. We did get the bounce I suspected might happen 12 days ago. but since what I had labeled 1 down has been exceeded. the pattern now is more of a a-b-c- corrective pattern. So one possibility is another a-b-c to about the yellow box area then more down action. But we could get a continuation of the previous bull trend and exceed the recent high. For myself I will not consider re-shorting til the current shorter term dotted uptrend line is broken. Take care. Goodguy
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