U.S. Dollar on the verge of a breakout? (UUP) *PIC*
She looks damn close to busting up above that 20ema here after a small doji test of the September lows on Wednesday...RSI and MACD have been trending up since then and Stochs are signalling a cross up today from there lows...could be a significant 'risk-off' signal here if the greenback breaks higher heading into the general election, with the 'fiscal cliff' iceburg coming into view immediately after that result...a strong move in the dollar would likely see most inverse markets get 'trashed', as Trades would say, in the coming weeks.
Today is the anniversary of the '87 crash...it kinda feels like something ominous is lurking around the corner here...another black Monday just past the weekend perhaps? Expecting the unexpected with some major fireworks ahead in the coming days...