Before and After Photo
(See: USD/SPX Short-term)Dollar breaths in, now the Dollar should breath out. I've just added (blue arrows/rectangle) to the previous projection where I think the Dollar will pullback to in the short-term (~$76/$76.50). Gold has been taking a major shellacking (1095) and it's right near the 1080. target. It's quite stretched so I would expect a relief rally is coming soon. Therefore the S&P will try to get back over 1107.
PS. Score another one for TA.
PS. Score another one for TA.
Closed this one out for now. It was a good run from $38