DXY retraced back to 0.382 as suggested in a previous thread. It has consolidated this area with a contracting fractal which has produced a significant upthrust. If it reverses here the fib suggests strength in trend. I think this is a big hint that DXY will be ready to rock shortly and with that the probable collapse of multiple markets.
Not advice.
Not advice.
Note
Nice bounce off 50Dma and very impulsive day so far.It could get wild soon. Hold on to your hats and your dollars (not advice).
Note
More impulsiveness apparently shaking gold bug boots. I think it backs down a little before the real bull run and SPX et al will have their end of grand supercycle blow off tops. Then its probably time to hide under the bed.Note
Had a thought that DXY might back down and have a sideways accumulation on the 0.382 as SPX completes its blow off top heading toward Xmas.Any angry moonbois that may have strayed out of crypto, this is just a thought, not a strict prediction. But it might happen.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.