Chicagostock Trading

Chicagostock Trading

Major USD Reversal No One is Talking About

 

 

US DOLLAR:

DX2_25.jpg

The US dollar is one of the most important, yet least discussed chart of the year.  Noticing the dollar's break below 79600 late January, early February, only to establish a bearish bias and lure in shorts before turning around higher. The market has held above its reversal window, thus reversing the bearish bias which has led the market to take out its year highs of 8100 set early January.  This U turn is having a major effect and pressure on commodity markets as the USD failed to break lower and is trading on new highs for the year. Take note of the gold chart how it is completely opposite of the dollar chart and is an upside down "U" from the beginning of the year.

 

ES________Daily___3_14_2012___2_25_2013.jpg

 

Click charts to maximize

 

 NASDAQ:NQ________Daily___4_5_2012___2_25_2013.jpg

 

DOW JONES:

YM________Daily___6_19_2012___2_25_2013.jpg

 

CRUDE OIL:

CL________Daily___5_17_2012___2_25_2013.jpg

 

GOLD:

GC________Daily___4_13_2012___2_25_2013.jpg

 

SILVER:

SI________Daily___4_12_2012___2_25_2013.jpg

 

To follow precise trade recommendations with stop and target levels: Subscribe today.

RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS.  AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.

Gold Breaks Year Lows, Whats Next?
How We Played This SP correction and Setting Runne...