CosmicDust

UUP weekly - bearish looking - 9/11/2015

AMEX:UUP   POWERSHARES DB US DOLLAR INDEX BULLISH FUND
uup
8 0 0
uup
Looks so similar to April 2009. RSI broke, price is below 3 lines of resistance. MACD negative...

Does not look like Fed will hike next week, given the weakness of the dollar.

Assuming no hike next week, major markets should rebound, at least for short term. We will see.
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