QQQ, Nasdaq and DXY
on October 13th there was a One-Day-Reversal, which is leading to lateralizing the speculative markets, I see QQQ (i.e. nasdaq) which can go up to 290, but the major trend remains bearish, although some stocks are recording increases and highs, stocks start to unwind, meaning DXY is no longer a safe haven currency and optimism in some markets is starting to return
DXY in my opinion remains bullish but with volumes so high that they were not seen from the covid, for now I see a symmetrical triangle in DXY
DXY in my opinion remains bullish but with volumes so high that they were not seen from the covid, for now I see a symmetrical triangle in DXY
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.