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[Attachment(s) from Loren Morlan included below]

USDX, is currently tracing wave 3 in the monthly period.  Wave 1 high and 2 low are conclusively established in this period.  Importantly, price retraced 88.6 incident to wave 1.  Bulls were very strong in this wave suggesting that price will ultimately close above the chart high.

 

NASDAQ;  weekly and daily chart established that price is presently tracing wave 3 incident to a longer term decline of this and other US equity indexes.   Solid vertical lines mark down trend waves.  Red vertical dashed lines mark counter trend waves.  Merry Christmas.

 

Loren

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Attachment(s) from Loren Morlan

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