CONCEPTUAL FRAMEWORK
20, 40, 60 days look-back swings is where the large funds liquidity resides, therefore when a shift occurs it seeks those levels. The concluded week saw the 20 days look-back low in DXY taken as anticipated. Coupled with seasonality idea, Up next; 40days low so likely a draw.
FORE-LOOK
With a large range weekly run from the concluded week and with fundamentals outlined for the week ahead precaution is advised going into the next week out.
Personally, looking through the lens of the weekly candle, I anticipate one of two scenarios:
1. ...a rebalance of the previous weekly candle up to a premium level then a continuation lower.
2. ...a SIBI after the upcoming trading week and price utilize the SIBI for lower pricing.
20, 40, 60 days look-back swings is where the large funds liquidity resides, therefore when a shift occurs it seeks those levels. The concluded week saw the 20 days look-back low in DXY taken as anticipated. Coupled with seasonality idea, Up next; 40days low so likely a draw.
FORE-LOOK
With a large range weekly run from the concluded week and with fundamentals outlined for the week ahead precaution is advised going into the next week out.
Personally, looking through the lens of the weekly candle, I anticipate one of two scenarios:
1. ...a rebalance of the previous weekly candle up to a premium level then a continuation lower.
2. ...a SIBI after the upcoming trading week and price utilize the SIBI for lower pricing.