12th day of $QQQ short term up-trend; dollar in the dumps?

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This weekly chart makes me think the U.S. dollar is about to begin a Stage IV decline. Why would the $ be topping out?   Lower interest rates and/or a recession on the horizon????

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3 thoughts on “12th day of $QQQ short term up-trend; dollar in the dumps?”

  1. This looks more like a consolidation than a topping pattern – I’ve found that Marketsmith’s A/D rating is useful for ETFs, and this one has a B-, which means it’s not really selling off. If it’s selling off, you’d get a D or E.

  2. Mike, there are many ways to skin a cat when it comes to the stock market. If you truly believe based on your market experience that this is B- then that’s it for you.

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