Dollar Index done OR correcting or a little lower?
to get up to speed you can view my first post on the importance of the dollar: http://bartscharts.com/2013/08/20/the-usd-index/
so … if you have been reading/following I’m trying to get short the POUND or the EURO vs the Dollar. The dollar is a huge deal and w/ the EURO making up 60% of the index, it’s good to monitor. The POUND will shuck and jive but it only makes up around 11% of the index so you can’t be EXACT w/ it. The other major component is the JPY YEN at 14%.
metals and oil got hit — but note the strength of the “Oil Services Index” (that’s probably where the BUY program is running as there isn’t really any buying going on …)
so, looking for that low in the dollar to be carved out HERE or a little lower ….
stay tuned and keep your powder dry …