USDoller Inverse to SPX & Traditional Markets/
Check out my #USDOLLAR analysis on TradingView/>Great clue to overall markets direction:
>Inverse Correlation continues to hold as reliable market Indicator!!!
>Great for seeing overall markets direction/
>esp. Mainstream traditional markets/
The USDollar Index has been a pretty consistent Indicator of what the markets are doing overall ESP. Mainstream Markets. If dollar goes up markets tend to drop overall and vice versa....
>If you see that Yellow TREND LINE/that's the SPX chart or traditional markets. Yes some inverse correlation with TOTAL and TOTAL3 (Total Crypto Market and Total Crypto Market minus ETH & BTC i.e. ALTs)
Something to pay attention to but remember this is more useful as an OVERALL MACRO INDICATOR then a zoom in and trade the 3 min to 1hr. I like to zoom out so to speak on this one (1day plus) and use it to get an overall feel of the markets direction in a longer term look...
>Inverse Correlation continues to hold as reliable market Indicator!!!
>Great for seeing overall markets direction/
>esp. Mainstream traditional markets/
The USDollar Index has been a pretty consistent Indicator of what the markets are doing overall ESP. Mainstream Markets. If dollar goes up markets tend to drop overall and vice versa....
>If you see that Yellow TREND LINE/that's the SPX chart or traditional markets. Yes some inverse correlation with TOTAL and TOTAL3 (Total Crypto Market and Total Crypto Market minus ETH & BTC i.e. ALTs)
Something to pay attention to but remember this is more useful as an OVERALL MACRO INDICATOR then a zoom in and trade the 3 min to 1hr. I like to zoom out so to speak on this one (1day plus) and use it to get an overall feel of the markets direction in a longer term look...
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.