ProfitHarvest

[DXY] Massive RVI/RSI Divergence... This Thing's Ready to Pop!

Long
TVC:DXY   U.S. Dollar Currency Index
I'm not invested here, just trying to track my sleeper SPX short signal!

Not even sure how these indicators play outside stocks but lets find out :).

ADX sitting pretty for a strong trend change. MACD already signaling it. DPO and ROC set to spike up.

RVI tends to be a leading indicator for RSI and this is a kind of divergence I've never even seen in stocks but this would be ultra bullish .

Lets see how it plays out!

Comments

And to add to your analysis, the dxy is also sitting on a strong support level.
to the moon..!
+1 Reply
@victor6, Lets hope!
+1 Reply
I’m wondering why for the first time spy and dxy both rallied on the last 15 minutes today. Interesting divergent behavior.
+1 Reply
ProfitHarvest tuparkshakur
@tuparkshakur, Maybe this can provide some insight?

+1 Reply
tuparkshakur ProfitHarvest
@ProfitHarvest, yes, at the end of today, dxy and the spooz had the same behavior. they always had the opposite behavior though. even earlier in the day, the dollar tanked to give the spooz gas to pump higher. but for some reason, the last 15 minutes, different story.

from the start of the 'bear' market rally, each time the spooz rallied or spiked, the dxy tanked.

such as this behavior: spooz in blue, dxy in gray. most noteably, always at the end of cash market, the jaws is opened wide.



i've written about it a month ago. the dollar has been crucified to give life to the spx.

+1 Reply
ProfitHarvest tuparkshakur
Sick data. That is a very interesting catch, something we must pay close attention to next week.

Aside from the money printing, do you suspect any currency manipulation to steady it? Or the dollar is volatile/unstable and difficult to control?
Reply
tuparkshakur ProfitHarvest
@ProfitHarvest, i am not sure. i, too, have to wait to see how this all unfolds.

spooz in blue.



they always come together, sooner or later.
+1 Reply
tuparkshakur tuparkshakur
+1 Reply
ProfitHarvest tuparkshakur
@tuparkshakur, Nice, love sleeper data like this :).
Reply
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