The path of least resistance leads lower toward 102.50 on a daily close below the springtime pivot lows. A decisive DXY breakdown to fresh multi-month lows flashes a sell signal and gives bull market stragglers the green light.
Perhaps a weaker dollar isn’t necessary for the US stock rally, at least for now.
Nevertheless, today’s equity market headwinds will flip into tomorrow’s tailwinds once the dollar rolls over.
Of course, we need to see it first.
Markets are irrational. Don’t argue with the charts. Embrace the trend and trade what’s in front of you.
Remember, we play this game to make money – not to feed our egos.
Are you fighting the stock market rally?
Perhaps a weaker dollar isn’t necessary for the US stock rally, at least for now.
Nevertheless, today’s equity market headwinds will flip into tomorrow’s tailwinds once the dollar rolls over.
Of course, we need to see it first.
Markets are irrational. Don’t argue with the charts. Embrace the trend and trade what’s in front of you.
Remember, we play this game to make money – not to feed our egos.
Are you fighting the stock market rally?
Disclaimer
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.
Disclaimer
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.