One More $DXY Update

This is just updating my thought from earlier.

What seems clear to me is this. The move down, off its all-time high, looks clearly impulsive (no overlaps), whereas this rally since (my green 2) looks clearly corrective. So, the trend should be down. It is a deep retracement, consistent with the indices and stocks. And with what I think is an ending expanding diagonal for the final leg of the green “2,” the volatility is stupendous, but I would still expect this to fail.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *