Kirk65

DXY Index / SP500

Short
TVC:DXY   U.S. Dollar Index
DXY Index " Dollar Index" Has now been giving a Bullish signal.
that is Bearish for SP500 and Stocks in general. If you Trade FX, US Dollar will be the strongest.
My previous SP500 analyses are holding perfectly until now.
I expect SP500 to take the previous Low as the next target. That can take weeks and months. If the previous Low on SP500 gets taken before the year-end of 2022, I expect it to go even deeper in 2023.

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.