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June 23, 2019 | Be Ready for a Turn in the Dollar!

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

The Dollar Index looks primed for a turnaround for technical reasons noted in my latest $DXY tout. To summarize, we will be using two compelling benchmarks to tell us more:  a Hidden Pivot support just below current levels and a key bottom made in March. If a reversal is coming it would hold bearish implications for gold and other commodities, including a recently resurgent crude oil. This gives us ample reason to monitor the dollar very closely in the days and weeks ahead.

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June 23rd, 2019

Posted In: Rick's Picks

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