xjo weekend zoomba lounge, page-82

I suggested yesterday that "you would expect a positive response to that bar" on the UUP (U.S. Dollar Index ETF), which was a test type bar, seen after potential absorption of supply in a breakout zone.

That positive response arrived as expected, it gapped up and over the initial breakout bar (which had been tested twice).

Spread was wide (including the gap), volume increased and it closed just a little off it's highs.

There is only minor resistance zones above now on the UUP, so a push up to 23 is now possible, where a potentially stronger resistance zone lies.

See how it goes....

cheers

UUP Daily