DXY US Dollar Index (Y20.P4.E1).Bullish short term
Updated
Hi All,
They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.
We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;
The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.
A strong USD is bad for business...stocks included.
Please give me a like or tick for this post.
Regards,
S.Sari
Daily chart
They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.
We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;
The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.
A strong USD is bad for business...stocks included.
Please give me a like or tick for this post.
Regards,
S.Sari
Daily chart
Note
USD drops, SP500 and others go up.... as per script
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This community has signals now but with no risk management comms.
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