tacosaurus

UUP ready for small bounce?

Long
tacosaurus Aktualisiert   
AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
The whole rally the past few weeks seems attributable to the decline in the dollar. And it doesn't look good with a giant descending triangle. However, here we seem to have found some gentle support on the bottom end of the bollinger band. Looking for a very short term (3-7 days) bounce here commensurate with an SPX drop. 25.5 seems like the obvious exit but we could get as high as 26 depending on the size of the SPX downside move fleeing towards dollars.
Trade wurde manuell geschlossen:
popping out of this. I still see some upside bu with the market starting to turn up, I could see more pressure here.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.