UUP in Uptrend

I would probably go long SPX and EUR/USD when UUP will test above 23.

If you are a believer in gap fills

I have shown all gaps to be filled in UUP in blue lines.

All 7 usd pairs (aud/usd, eur/usd, gbp/usd, nzd/usd, usd/cad, usd/chf and usd/jpy) and DX tells me that trend is reversed for now. I will post if I see trend reversal again.

USD again.

I hate to admit but I see anotehr usd/cad possibility going to 1.0334 and uup agrees too.

Greed, Fear and Stupidity all coming together one more time.

I know bears are confused but look at xlf, we are way far than it Jun high. So, I will not be bothered even if SPX crosses its Jun high. If spx and xlf does, that's a diff. thing.


SPX is hitting against its resistance line, if it touches this week, we will go above Jun high, lots of bears will cover and bulls will add , but point to keep in mind is do we close above that RED TL line by EOW.


UUP shows me we are getting close to its bounce. so everything is coming together. I have my eyes and mind open that market is made up of people, so I can see greed, fear and stupidity all coming together one more time.