SXY Fair Value, page-21

i wouldn’t like the look of a close below 29.5c support today, goro. It’s already dipped under intra-day, which will also flip the PSAR to sell and the bullish MACD is also unwinding, although still well above zero. So, as you point out, ST volatility is here. The question is whether it is anything more sinister, which I very much doubt, MAs looking in no danger on my chart, yet. There’s a pip trade gap from Tuesday to 31.25c to fill btw... as soon as it closes above 32c resistance, we can look forward to renewed upward momentum. Must get back to the tennis now and there’s some trolls over on BRU I need to attend to, hope that’s of some help.