Important $DXY Observation

If it feels like the whole market is at an important juncture, it’s because it very much is. The dollar index has arrived at a trend line that has marked the end of late 2016 correction and the COVID crash as well.

A breakout here would spell serious trouble for markets all over the world, and yet, if it’s the end of a major structure (as I have it labelled, but I don’t know if that’s right), it could spawn a new and very long period of dollar weakness, which would support rallies in many asset classes.

DXY


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