Dollar is being Squeezed and Bull Flag
The Dollar is being Squeezed against a trend line and is in a Bullish Flag. This Bullish flag is the 2nd in the dollars rise on the Daily. We should see a pop up later today or tomorrow from this consolidation. The Dollar is looking very bullish not to mention on the Weekly there is a reverse Head and Shoulders pattern forming. The Dollar up means stocks down. Also a little up from TNX never hurts.
I am not bullish on a market that is way over bought. The Tech sector is flying above all other sectors and its reversal is a key to a crash. That is why I am short the market. The fundamentals don't make sense. The earnings reports are coming out this week with WEAK Guidance. The companies are starting 2024 with massive layoffs. Citigroup, Amazon, Google, Unity, and many more are cutting staff. Unless the Fed cuts interests rates soon the recession will take over. If they cut rates to early the Inflation could rise. What will they do???
If you short the market the most return for your investment would be SQQQ and TECS. Both in a crash could bring in over 150% returns. GL! :)
I am not bullish on a market that is way over bought. The Tech sector is flying above all other sectors and its reversal is a key to a crash. That is why I am short the market. The fundamentals don't make sense. The earnings reports are coming out this week with WEAK Guidance. The companies are starting 2024 with massive layoffs. Citigroup, Amazon, Google, Unity, and many more are cutting staff. Unless the Fed cuts interests rates soon the recession will take over. If they cut rates to early the Inflation could rise. What will they do???
If you short the market the most return for your investment would be SQQQ and TECS. Both in a crash could bring in over 150% returns. GL! :)
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