Dollar Bulls Maintain Technical Advantage

A huge up day for the dollar index as it breaks over the interim resistance of $78.50. We have been steadfastly bullish on this index indicating that we can see the market move up to the $79.50 to $80.50 levels. We continue to view the dollar index in a positive light and we expect that the highs seen in early October will be tested again. We believe that we will see this market trade higher and want to hold all long positions as our Trade Triangle technology continues to indicate that the market is in very strong hands. All Trade Triangles are in positive mode indicating that this market remains in a bull market.Long Term and intermediate term traders should maintain long positions with the appropriate stops in place.


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