Posted by: rp on the 6th of Jan 2012 at 10:10 am

UUP daily chart with levels.  just like the $DXY which it tracks, it would make for a more bullish (dollar up/market down) scenario if we didn’t have that obvious negative divergence in place.  watching the dollar and euro closely here to see if the central banks can reverse the current trends (or not) before positioning too aggressively.

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