TradingView
mjmassens
Jan 24, 2021 4:25 AM

90.7 DXY Dollar is the key to the stocks correction!!! 

U.S. Dollar Currency IndexTVC

Description

If the Dollar gets over 90.7, that should signal the correction in all assets. 90.7 is the *yearly* 20 period moving average. Rejected twice this past week, but it has broken out of a wedge pattern, backtested successfully, and seems to want to move up to get over 90.7. Target 92.3-92.5 for the short term resistance and green light to long stocks. 90.99 is a gap and also a target.
Comments
Dave-FX-Hunter
Amazing analysis
Will_Wong
More