Big negative reversal so far in the dollar this morning. It ran up and filled two gaps, then backed down. Looks like a bear flag and it may test the 50-day EMA soon. Potentially good relative strength for the I-fund after today (in comparison to C and S?). The dollar is actually still positive today so that relative strength probably won't show up in tonight's I-fund price. It's when (if) the UUP breaks down from the flag that it may benefit the I-fund. This is not a recommendation to get in the I-fund. Just an FYI.
Bookmarks