Inverse Head & Shoulder pattern has formed on DXY. A breakout is on the verge.
If the dollar holds the breakout its bearish for equities.
If the dollar fails the breakout markets could continue to float up.
If the dollar holds the breakout its bearish for equities.
If the dollar fails the breakout markets could continue to float up.
Comment:
Gold showing signs of weakness today could be an indicator that the DXY is likely to breakout to the upside.