Short

DXY so weak

Updated

Yet it needs to find more weakness before strength. RSI is not yet oversold. Descending triangle continuation pattern on chart. Im sure there's more but that's enough for me.

Almost all asset classes seem to have bottomed, except for the ones which did well last year, those may be in pain.

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How far?

Here for starters.

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It could be interpreted as a falling wedge now.

Worth keeping an eye on.

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DXY is violating my beautiful lines to the upside. :( :(

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Down or up does not really matter at this point. If it is going up then I suspect we are rangebound for a while.

In the past when DXY is rangebound, assets tend to do well.

Im bullish assets regardless of DXY action right now.

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Down i guess.

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DXY heavy resistance.

MikeMM

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