Dips007Trading

DOLLAR DXY About to BLOW UPSIDE!? 26/1/23

Long
CAPITALCOM:DXY   US Dollar Index
Hello Traders,

How are you today? Market has been shifting around a lot kick starting this year!

Equities
Sentiment: Greedy
Order Flow: Positive but plenty of divergence is seen

Earnings reports season kicking in showing reasonable resilience, but weakness is expected to show YoY.

Inflation set to fall.

Fed rate for Feb expected to rise further but less aggressively (this does not mean PIVOT!).

Commodities see strength on weak dollar. BTC all the Bull boys are out all over the place - Euphoria is in the air. Greed.

Is it all a TRAP being laid for a MASSIVE DUMP? Time will tell.
Market always does the opposite of what is expected.

Dollar and Vix to me looks like is very oversold and due a RIP.. it's quietly building it's structure profiles.. Patience and we shall see the 'flippening'!
I see it in volume profiles and the COT data.
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.