The rally today broke through the buy stops forcing the system to go long. With a turn or acceleration window this Friday December 18th, a whipsaw is certainly a real possibility. At least the FED open mouth committee didn't say one and done today, so the dollar is OK for now.
The next turn or acceleration window after Friday is sometime around Christmas +/- a trading day, so Ho-Ho might just turn into Oh-No or Go-Go! It's just too early to tell.
Regards,
Douglas
