funkymonks - reasons to be cheerful - monday, page-2

The USD index has got a bullish set up on the weekly here imo. There is a higher double bottom and now that last candle is a bullish engulfing at a very low level. That candle appearing where is has after the higher double bottom is a good set up and something I will look to trade everytime I see it. It looks like it could go for a run here but the HDB has to hold. If it doesn't then the bullish picture is all but turned on its head save for a false break of the HDB level but the odds of it saying bullish it the HDB doesn't hold are remote imo. So if the inverse relationship between this index and the stock indices holds true, this set up is bad for stocks.