By Jeff Pierce
Yes they both rallied in tandem this week, but my timing signal is suggesting a pullback while I think the US Dollar after a brief pullback is heading much higher. I suppose it’s possible that both have a short, quick pullback and then they both rally to new July highs and that will be something to look out for as well.
Video: Market Timing Update
Jeff Pierce is a momentum trader that specializes in market timing. He utilizes a proprietary timing system that helps minimize emotions and trading biases within his trading plan. He offers a free newsletter at zentrader.ca that alerts you to trend changes within the market so you’ll always be on the right side of the trade.