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ConservativeOne1
Jan 6, 2023 12:52 PM

Bears beware Short

U.S. Dollar Currency IndexTVC

Description

Lots of stock bears about to be trapped in my opinion....we should get a shallow break of support this morning...but the DXY will likely pivot in a wave 4 high and reverse to the downside...this would cause stocks to reverse and rally hard for a few weeks...likely all the way back up to the main trend line resistance...this would be fueled by lots of "bears" that are positioned short on stocks....do not be a trapped bear...look a the chart below for the DXY...stocks should basically move inverse to this chart. Levels are all approximations...but the general roadmap should be correct...will update as things progress.
Comments
jdo85
Nice 👌
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