Sell Short the long dollar etf, UUP $26.05

Sell short UUP at the market, current price $26.05
We are expecting the U.S. Dollar to begin a correction of its year long advance, so UUP should begin a downtrend from here.
If you do not want to do a short sell, you could also buy the bearish dollar etf, UDN current price $20.97
Below you can see the Technometer is bearish trading above 50, as marked by the blue circle.  Also I have marked in purple the price going to new highs while, the OP has not.  This is a bearish divergence.
I thought it was interesting that if you apply Elliott Wave count, this is a fifth wave which backs up our Wyckoff analysis.

Good Trading,
Todd Butterfield

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