i recently talked about this 10 year trendline on dxy, and its importance in the global markets.
as of right now, both the usa and crypto markets are lining up for a major move to the upside - which leads me to the conclusion that dxy is going to be a leading catalyst for this.
i'm not a fundamental person, in fact i don't know anything about any of that stuff - just a man of the charts.
back in february i talked about a move up to 99 on dxy just based off chart formation, but it simply didn't have the momentum to reach my level - which is good for the bull case of our markets.
view that post via 👇
---
i'm projecting a move down to about 86 by end of year on dxy - this should give all asset classes the boost they need for that final blow-off top mania phase that'll break the markets for many more years to come once it is completed.
Elo idk where you get $86 is from, but I think $88 is a strong support coz it's the 0.618 level if we pull from 2014 low to the top. Also remembering the fundamental if FED is deciding to shake the market with interest rate and tapering, we may get 1 leg up for a fakeout but ended up going down again, coz I think we can't beat the inflation