"If it doesn't fit, you must acquit," - Johnnie Cochran
If this was the end of the mother of all carry trades, the retest of the previous swing would not have occurred on 13% contraction in volume. The contraction of volume suggests waning force at critical resistance. A multi-month counter trend rally would have no trouble smashing through resistance on a massive volume spike or what technicians call a sign of strength. This one does not fit the hype thus far.
U.S. Dollar Index ETF (UUP):
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