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Chris comments: The Dollar ETF (UUP) may very well have created a "Head and Shoulders" top along with a flag pattern at the right shoulder.
To confirm this pattern, the support line (1) in the chart above needs to break further down. If it does, the recent commodity rally should continue!
Note from dshort: For a look at the erratic relationship between the Dollar and the U.S. market, here's an overlay of the SPY ETF and UUP over the past year.
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