All roads lead to the 200D Ema. Having broke through our Monthly R1 Pivot, 100D EMA and have now made a daily close above this we can assume this will act as future support.
The only thing which will invalidate this bullish run will be to break below 265/270. Since 300 is a huge psychological level expect a lot of chop between the two levels marked above.
With King Dolla Strength and the decent NFP print I fomoed myself in at 120.1 before this blew up to 121+ !!!!
However as our resident bear Peter Schiff pointed out "The number of Americans not in the labor force surged to 98.9 million, a new record high as the participation rate dropped to 62.8%".
Still it didn't stop the DXY making nice gains today. The trade...
I decided to wait for the AAPL pullback before jumping on the Apple goes to Dow bandwagon news.
My entry was at the daily pivot 127.40 ish and I'm looking to millk this until Apple get listed.
Stops just below support at 125.75.
Here is an interesting read from our friends at...