Market loves weaker USD
If you have a long position in you hand, you need to pray a weaker USD. Last time Fed interest rate announcement and a better Non- farm pay roll seems give a signal of stronger USD, however, market was not accept this; This money, DJI drop almost 1500 points.
Yesterday, report showed import increasing 5 times faster than export in China, which government didn't like. Remember this, China is the biggest US bond holder.
As i show on SPY, the bull signal would be on upper blue line, but it is in a long period neutral. In my opinion, DJI or SPY did not perform will for long position holder.
IF SPY IS GOING DOWN UNDER MY DOWNSIDE BLUE LINE, YOU NEED TO TERMINATE YOUR LONG POSITION
Yesterday, report showed import increasing 5 times faster than export in China, which government didn't like. Remember this, China is the biggest US bond holder.
As i show on SPY, the bull signal would be on upper blue line, but it is in a long period neutral. In my opinion, DJI or SPY did not perform will for long position holder.
IF SPY IS GOING DOWN UNDER MY DOWNSIDE BLUE LINE, YOU NEED TO TERMINATE YOUR LONG POSITION
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