Below the Daily chart of UUP,
The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
This is a second type of Advanced GET Mechanical Trading Signal, this time prices are nearing a Buy Signal as the software is counting five waves down while the Elliott Oscillator is showing a divergence between new lows in prices unaccompanied by new lows in the oscillator. Once prices break out of the downward sloping trend channel.
A dollar break out should send stock indexes into a downward spiral.