649bruno

DXY: Up-Trend Confirmed, $94.30 Breached On Upward Move

Long
TVC:DXY   U.S. Dollar Index
7
Several days ago I reported that the $94.30 level needed to be breached to the upside in DXY0.50% .
This has happened and, in my opinion, a new uptrend has begun.
In fact, while I was typing this, a huge spike happened to $94.638.
This should be negative for stocks , because 65% of the S&P-500 are export companies.
This should also be negative for energy related stocks .
I hope this has been helpful. May all of your trades go well. Don.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.