Turning points, at extremes create great opportunities. Is the spread between Doc Copper (FCX) and Uncle Sam (Dollar) suggesting a turning point extreme, is close at hand? What would you do at (3)???
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Spread is rather large at (3), FCX looks to have created a “bearish” rising wedge and UUP looks to have created a “bullish” falling wedge. Oh….forgot to mention sentiment on the Dollar… well you already know about that!
Going to bet its “different this time” at (3)?