U.S. Dollar IndexShort
Dollar dead cat bounce over
Since Powell has started printing with no tomorrow, dollar has followed suit and has been on a steady downtrend.
Usually dollar and SPY move in the opposite direction, which is exactly what has been happening since end of May.
If dollar breaks down, expect a push for SPY towards ATH
Usually dollar and SPY move in the opposite direction, which is exactly what has been happening since end of May.
If dollar breaks down, expect a push for SPY towards ATH
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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.