Will Wong

US Dollar Index completing Wave 5-Corrective ABC to follow

FX:USDOLLAR   Dow Jones FXCM Dollar Index
55 0 1
The strength of the US Dollar             girds the stock market. There is no requirement that wave 5 is to be shorter than wave 3. The only rule is that wave 3 is not the shortest. But the fact is that with the end of QE and the impending rate rise, the only way for the USD is up. Nothing moves in a straight line and if and when the corrective ABC happens, I would be looking to go long. For now, I am neutral.
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