Uncle Buck’s Death Cross

Note: Posting will be light over the next couple of days as I hit the road.

Here is the US dollar index as of a few minutes ago. This week it has failed what was weak looking support once again. This came after a Death Cross of the SMA 50 below the SMA 200. That would theoretically guide USD downward, but the reality is that Death and Golden Crosses are often met with a snap back in the opposite direction to the one implied by the cross.

In that event, Uncle Buck has some layers of resistance – most notably the ones containing the moving averages – above, should it decide to bounce and screw with those acting directly upon the cross.

us dollar index

An end of summer 2020 price increase is coming. Subscribe to the value-priced NFTRH now to lock in the current rate for the life of your subscription! Current subscribers will never see an increase and have never seen increases since the service began in 2008.

NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.