As the DXY kept dropping lower, Stock Indices such as the Dow and the SPXUSD kept rallying higher as expected. From my weekly forecast I expect the DXY to rally once more taking out the current swing high on the overall daily timeframe, and as expected, Both US30 and the SPXUSD indicating bearish confluence factors (such as bearish cracks in correlation, Bearish...
From the market failing to push higher yesterday (instead it dropped lower and made a bearish shift in market structure), we can conclude that for the remaining days of the trading week we can expect further movement lower. Reason being, price wants to take out those relative equal lows (retail traders support level) at 31683.7 before reversing and continuing to...
firstly, once price reaches below asia highs, we can expect it to trade back into the 50% level of the 15M bullish OB before reversing and expanding higher hitting Tuesday highs and reaching for that red highlighted level. But before hitting Tuesday highs there's a high probability we might retrace a little bit during the New York Open Session. Providing further...
