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Re: DX at long term support?
In Response To: DX at long term support? ()

While DX has had slightly higher lows on the last 3 lows in the last 3 years the uptrending angle has been very low. Angles of support and resistance that low are as weak as they come and can't be counted on to hold as support. The break will cause a lot of technical attention but what's important is the last low of 75.25 holding as support as well as the other two at 74.25 and 71 that are nearby. A break of either and all of these will end the long term pattern of falling highs but rising bottoms and just confirm the long term secular bear market that began over 9 years ago and has simply had 3 cyclical bull markets since lasting under one year each in 2005, 2008-09 and 2010. Huge test now with DX to see what it's made of.

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Re: DX at long term support?