TradingView
stewdamus
Feb 15, 2023 3:33 PM

Dollar Doing a Double Check Short

U.S. Dollar Currency IndexTVC

Description

Traders,

The Dollar really wants to make sure that its resistance overhead is legit. From a technical perspective, I love this! Should the dollar remain below my macro uptrend line, it will be all bulls for the next few weeks/months in the U.S. stock markets. The dollar should continue its sideways/down movement during the same interim. If the VIX is any indicator, then my thesis appears to remain intact. Watch closely. Blow off top should peak by mid/late summer or early fall.

Best,
Stew
Comments
TradingBrokersView
Noted, thank you! We are sharing our view as well below:
More