Quick US Dollar Update

While many experts have still not clued in that the US dollar bull market ended 11 months ago. Bull markets end under extreme bullish conditions, like the USD did in 2016, while bear markets finish under extreme bearish conditions. (2008)   This has all been clearly documented, so it is nothing new. It happens over and over yet the majority can never take advantage of this, as an emotional herd has no memory.  They don’t learn from what has happened in previous turnings, and even then it is hard to believe that a bull market can start in the depths of a glut!

Those that think the US dollar is still in a bull market, are always looking for the real support price level. Good luck with that as in a bear market, there are no  permanent support prices. 

This rally, which can fit a small triangle should head to a new record low, but it may take several weeks or so to get there.  In a panic the USD can slice through my top trend line, and then reverse. Slicing through the bottom trend line will take a little longer.