649bruno
Short

DXY: Jack-Be-Nimble Alert, Part 1

TVC:DXY   US-Dollar Währungsindex
21 0 4
During the day (May 3, 2016) the DXY             Index was demonstrating signs of strength. I listened to a business show late in the afternoon and it was recommended that the DXY             weakness was over and you should position yourself in UUP             , because the US Dollar             (via DXY             ) would soon rally. This may happen, however......
Above is the daily chart of DXY             , and this chart is solidly down. Yes, the 15 minute chart looks like DXY             will get stronger, but I never let a short term chart over-rule a longer term chart. If the jobs data Friday (May 6, 2016) is strong, then the smart money would make a bet for DXY             strength.
I would need to see the phase energy bars (top) start reversing. Break of trend to the upside is approximately 94.30.
The regression trend line is down, TRADE-MAP indicators are down, and phase energy readings are down.
I call this the "Jack Be Nimble" chart, because if you think the DXY             is going to rally, I suggest you must be nimble in your actions, for I believe the upside move will be short lived. I will explain all of this in part 2 of this series.
I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.
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