DXY
12. 5. 22 I was going to make this a homework assignment for Bobby, but because I am a patient, understanding, compassionate individual, I will take pity fun Bobby since he has finals. But just this one time. The dxy made a new low today and may have traded low enough, that rubber band from the top to the bottom may have been broken, and while the market may be trading higher from the well, this very well could be the final exhaustion move higher for the market to reverse and go a lot lower.... is this current move higher maybe a last chance too short the market before it moves to the next support level which is considerably lower. Or not... we will see. If the dollar goes lower, the medals go higher. This is one of those times when I would consider fading a market, selling into a market that is moving higher because my thinking is that it's going to move a lot lower... but I still need a stop in case the market continuous continues to move higher...and I want to control my risk.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.