Epic_economist

US dollar fib circle signaling market top

Long
INDEX:DXY   US DOLLAR CURRENCY INDEX
Every time in it's history the dollar has had a monthly stochastic cross to the upside it has led to a significant equity market correction and or a crash. Now coupled with inflationary pressures, undeniable global recession , and a decline for oil demand worldwide the dollar is poised fundamentally to rebound to the top of it's current fib circle. Interest rates are already at 0 and the markets are forward looking which means the money supply variable has likely already been factored into the stock markets. This means we are near the end of the current irrational bull run in the stocks and housing market.
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