The US dollar has been in a free fall since march 2009 point (A). This is where US equities started to rally. I just wanted to show on the chart of UUP (Powesrhares US Dollar Bull) the falling wedge ! The only observation I can make is that the downside potential in UUP is shaded in purple which is quite limited in price and time ! The clock is ticking for the US dollar.This is the time where you want to start being bullish on the US dollar. Once UUP breaks the falling wedge on the upside (C), the US equity markets, and the price of oil USO, will collapse ! Watch carefully UUP.. the breakout will come within a month or so and the upside potential will be the green shaded area !
UUP: Powershares US Dollar Bull
