Steppin out over the line …

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The dollar appears to be ready to be stepping out over the rally trend line.

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Monday the dollar pierced the rally trend line that has characterized the dollar rally since the 5/2011 three year low.

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With Monday being day 12, the dollar can decline for another 6 – 13 days.
Once the dollar closes below the rally line, it should complete its journey into an intermediate cycle low.

Monday was day 9 for the Miners.

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The Miners pierced the 420 resistance level establishing a new daily cycle high.

I believe that the Miners are waiting on the dollar to break decisively below the rally trend line.

Once the dollar does that, I think we will see the Miners run.

Tramps like us …

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One response to “Steppin out over the line …”

  1. Chris Avatar
    Chris

    Thanks LM.

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