Nice reverse Head and Shoulders setting up on the $DX, UUP.. Target $DX 87ish [Chart]

Although I have to admit I don’t get it macro wise, the US appears to be the weak leader, the dollar is gaining back in strength.  There is a nice reverse head and shoulder developing with an upside target of 87.  A break of 83.50 should confirm.

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This entry was posted on August 20, 2010 at 8:44 am and is filed under Headline, Market Forecast. You can follow any responses to this entry through the RSS 2.0 feed.