Dollar Drops From 89 With No Backtest? Fishy

Dollar Drops From 89 With No Backtest? Fishy

As predicted, the dollar has reversed from the 89 level. This may be a temporary pullback. I have identified the 87.2-87.5 level as support. Still it's possible that the dollar rallies back to 89 to backtest trendline A. Usually there is at least one backtest of the previous trendline. If this happened then it would correspond to SPY dropping to 106.57 to fill the gap up.

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