MatrixBits

DXY - Possibly lower once Trendline breaks

Short
MatrixBits Updated   
TVC:DXY   U.S. Dollar Index
DXY - Possibly lower once Trendline breaks.

US has a struggling economy

- Stimulus packages are causing economic collapse due to $300 weekly. (People do not want to work.)
- Biden Administration has let go of many oil rig workers.
- Gas crisis in GA, NC, NY, VA, and other states (Gas Buddy)
- COVID is still high regardless of stats
- Schools are still closed and many people are not working


I apologize I was a little mixed on the trend but really starting to see the US is still in a strong down slope

- It's going to be hard to recover for sometime.
Comment:
- Semiconductor Shortage
- Auto Industry lost 27,000
- Apple is facing hardware issues
- Tractor Supplier Caterpillar unable to make hardware
- Rental Companies have minimal fleets due to COVID-19 and unreturned vehicles due to (Jumping state to state)
- Chicken Wing Shortgage (No workers)
- Heinz Ketchup shortage (No workers)
- Oxygen Shortage (Due to illnesses)
- Specialized Cold Bags (Sold Out)
- Shipping Container Limited
- Freight rate spikes
- Gasoline Shortage (Hacked Pipelines)
- Power Buyers (Walmart, Amazon, Target) Leaving shelves bare
- Walmart fining suppliers who fail to get goods on time

I am only a speculative trader and this is not financial advise on trades.

- If you are losing money close the trade

- Start with .03-.05 units and learn to manage risk

- Don't take profits too early cheers!


MatrixBits
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