U.S.$ Index/Approaching Strong Resistance *PIC*

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DX is approaching major resistance at 81.50. This is the Nov/10 and Jan/11 double top area and just over the Fib 50% retracment point of the June/10 to early May/11 selloff. Also note the negative divergence on the CCI 20 showing a loss of momentum at this new rally high for awhile now. A selloff in DX even if mild would see inverse markets rally. Gold is especially looking stronger the last few days and has held its recent test of support and not sold off in the face of a strong DX. Gold has a lot of resistance here and dead ahead but could see a sharp rally regardless. Bottom line: DX has reached important resistance and is likely to see a pullback with inverse markets rallying. The 1st week in Jan often sees a turning point in many markets. Definitely a time to be on your toes.

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