Lions, tigers and bears!
It appears that the US dollar will bounce here.
It is certainly no secret, especially if you follow my work, that the US dollar has been plunging-almost in a linear fashion for months. Well, as we all know in this market no asset can continue a trajectory like this without a bounce.
I believe there is opportunity here to get long the dollar for a short period of time.
You might want to look at ticker UUP which is a dollar bullish ETF, I think buying calls here would be a good bet for a short term Dollar bounce.
Happy trading!
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Gregory Mannarino @marketreport
