The Dollar is bouncing, but it hasn’t done enough to support a cycle low. So technically, this could be just a 1-3 day rebound.
-DOLLAR (4-HOUR) CHART- I’m skeptical about a cycle low in the Dollar until prices close decisively above the green trendline.
-GDX- Miners are poised to close below the $18.80 level and confirm Tuesday’s bearish engulfing candle. It looks like prices want to break lower form the bear flag. However, I think I’d like to see the dollar break above its trendline before adding to JDST and DSLV.
