US Dollar Index 4-hour

Jack Crooks Black Swan Capital

Analysis: The dollar is correcting its tumble from its reaction to the Fed on Wednesday. We suspect a zig zag pattern higher to complete minor Wave (ii) is tracing out. As said, we believe a major corrective top is complete at (2)—99.37—and are looking for a long-term trend move lower in the buck.

Strategy: Looking to add to existing long positions against the dollar on any signs of a near-term reversal pattern near the 99-level.

Author

Jack Crooks

Black Swan Capital

Experience Jack has over 30 years of experience in the currency, equity, and futures arena. He has held key positions in corporate financial analysis, brokerage, investment research, money management, and trading.

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