FX:USDOLLAR Dollar Index
This is the market correction that was looking for an excuse to happen. Dollar looks strong. Hope everyone loaded up on TZA like I did last week, and more yesterday. Long US dollar , EURUSD chart says pop up should be strong, EURJPY , USDJPY down. And this is a huge currency pair move, the markets should open and follow today likewise. How strong? Like I said last week, strong velocity first wave down to TGT 1. But, watch out for government and banks buying to steady the market. We are past the typical 2 to 3 % as a "dip" they have been buying on, so the pros are not so sure about today, and where we go from here. Finger on the pulse today.