AMEX:UUP   POWERSHARES DB USD INDEX BULLISH
92 5 4
Updated notes on chart.
From the look of it, EW wave 3 has just started. With wave 3 usually the longest, this rally has ways to go, don't you think?
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KLang Will Wong
I don't know EW - just there is a measured move on the pattern. I'll post an update.
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UUP broke everyone of your target and then some. Does look bullish, technically and also fundamentally.
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KLang Will Wong
Well, I couldn't address the fundamental reason to be long - but it does look bullish.
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By fundamentals, I meant that the US FED's have stopped the QE exercise while the rest of the world are starting their stimulus. This has got to be bullish for the USD.
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