The Fred Report - Weekly July 18, 2016
We have seen another sharp advance in bullish sentiment, this time from 41 to 50% bulls in just over 2 weeks. This is similar to the advance we saw before Brexit, and if there is a market surprise the result could now be the same – a violent, sharp drop. Both the DXY and UUP have built what look like bull flag formations on daily charts. We remind all readers that our forecast has been for a stronger dollar in the second half of the year, and a move above 25.07, targets 25.50 and likely higher.
Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?
If you are already a subscriber, please login.
If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.
