Will DXY make the move tomorrow during FOMC? Will we make a small move down and break it later this month or October? Or will we make a huge move down and look for another chance at the end of the year?
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Prepare for total destruction of all markets. Up we go.
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This looks nearly symmetrical. How about $97.45 right around October 21st?
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We blew right past $93.85 This is very bullish. Market collapse this week continues.
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DXY could have an easy move straight to $94.85 area. Bloody week
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Also that level hits the 100 EMA perfectly. Expect a pullback there. And a small market rally.
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Let's look for a pullback possibly. I would say we clearly have broken the down trend for now. Even if we go to retest the bottom of the trend, this is a good sign it will hold. It should be downhill from here. We have waited a long time for this.