...the VIX spiked higher to *27.55 and closed above the program selling *26.00 threshold *26.04 - above the 200-dsma current *25.64
...with *81.29, the DXYO took out the first 1 October 2011 *80.90 Top - technicals look constructive for further advances
...the index now trades very close to the daily 1-yr trendline support current *1202.71 with the 11 October 2011 Low *1187.30 providing next logical support
...as a result, all support points down to the 200-dsma failed to ignite accumulation - price action naturally appears to favor hugging the down line instead of bothering reaching out towards the up-line - situation most likely remaining unchanged until strong accumulation at support signals first signs of change - a fully invested portfolio still in need for lower 20 - 50 (%) protection
Kind Regards
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