Issued: 04/27/2014
June US dollar index:
1. Friday’s test and daily close above $79.75 in the June US dollar index is an important early indication for a tradable, multi-day advance.
2. Therefore, any further test and daily close above $79.75 – $72 will indicate new long entry in the June US dollar index. A test/attempt at $79.98 (or higher) is the initial upside target.
3. Should tomorrow’s (Monday, April 28) session be unable to test the earlier noted levels, an alternate long entry will be messaged as the market confirms.
David Williams
Issued: 04/28/2014
June US dollar index:
1. Today’s June US dollar index broke below the critical $79.75 – $72 closing level noted in the previous update, negating new long entry, for now. Will message any further entry or indication.
David Williams