Issued: 09/24/2015
December US dollar index:
1. In Wednesday, September 23 Williams edge live meeting it was noted that a daily close below $96.55 to $96.66 would be the earliest indication for a multi-day decline and test/attempt at $95.40/$35 into late this week/early next (week of September 20). Yesterday session closed at $96.38, indicating new short entry. Aggressive were instructed to short the market at $96.26.
2. Today session declined sharply and reached $95.75, so far. It is assumed that partial short position exits were taken below the $96.00 level. Under normal conditions, lower prices remain indicated including a test/attempt at $95.40/$35 noted in the original update.
3. However, our protective buy stop has been lowered to $96.27. This stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 09/25/2015
December US dollar index:
1. In Wednesday, September 23 Williams edge live meeting it was noted that a daily close below $96.55 to $96.66 would be the earliest indication for a multi-day decline and test/attempt at $95.40/$35 into late this week/early next (week of September 20). Wednesdays session closed at $96.38, indicating new short entry. Aggressive were instructed to short the market at $96.26.
2. Thursdays (September 24) session declined sharply and reached $95.57 against the forecast $95.40/$35 downside target. Partial short position exits were taken below the $96.00 level.
3. However, today (Friday, September 25) our protective breakeven buy stop was hit at $96.27. This resulted in a successful trade. Will message any further entry or indication in the December US dollar index.
David Williams
Issued: 09/23/2015
December US dollar index:
1. In today’s (Wednesday, September 23) Williams edge live meeting it was noted that a daily close below $96.55 to $96.66 would be the earliest indication for a multi-day decline and test/attempt at $95.40/$35 into late this week/early next (week of September 20).
2. Aggressive can short the market at current prices (current price, $96.26).
3. Our protective buy stop is at $96.75. The stop will be moved lower as the market continues to confirm. Will update.
David Williams