I’m getting tingly about the dollar again. We are in the process of breaking a 2+ year trendline. Since my clutter is handmade, don’t count on it to give any exact measures of what the trendlines are, but approximately it looks like this :
And according to PivotFarm, the retail-crew is mostly long the dollar against other currencies. Since retailers are traditionally wrong about most things, this can be seen to indicate further downside. And if we break down and suddenly everyone wants to change sides, things could get real ugly real fast. We might have a bounce before that, but unless the eurozone cracks or a large geopolitical conflict breaks out pretty soon, things are looking VERY dire for the ol’ Greenback.