26th day of $QQQ short term down-trend; dollar over-sold; dollar to bounce, gold to weaken?


Expect a bounce in UUP (US dollar). Note the daily 10.4.4 stochastics is below 20, a point from which UUP has bounced several times. UUP is also below its lower 15.2 daily Bollinger band. GLD (gold) should therefore weaken too.

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