Tuesday, July 12, 2011

SnP 500 Views !!!

77 is the first hurdle for the Dollar Index !!!

I am back after a long break, time well spent with family! 

Starting with the Dollar Index Chart; below to your left is the weekly chart which has just started to get out of the weekly down channel. The chart to your right is the daily chart. A noticeable thing is that, though we are making higher lows we are yet to clear the overhead resi marked in red band.

Dollar needs to trade above 77 for any signs of bullishness, next pit stop 80 and it’s here the world will scream buy DOLLAR!!!!