U.S. DOLLAR INDEX FUTURES MONTHLY
It’s a new month which means we monthly volume signals, which are obviously rare. DX futures made a 2 bar monthly volume reversal. This means that August was a high volume up month and at least a 12 month closing high and September was a high volume down month (go here for more on volume indicators). This is the first bullish signal since December 2010. UUP ( Dollar ETF) also made a monthly volume reversal (see below). Price history begins in 2007 but this is the 4th bullish reversal since then. The prior 3 nailed major turns. The 2 bearish reversals also nailed turns.
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DevlinMcabee
