[UUP] update

My previous post on the dollar ETF was back in early November wherein I modeled the dollar as having bottomed and back into rally mode. based on the model below.


Despite the fed actually having raised rates by 1/4 point with promises of more in 2016, the dollar has not shown the expected red path strength since then.  In fact, petering out up against the middle tine of Andrew's pitchfork is never a good sign and so I'm changing my primary model to what used to be the blue alternate above.  EWI thinks we will still see a higher high in the dollar but this is no longer my top model.