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SlumberJack92

DXY reversal? Positive signs for the market

Short
U.S. Dollar Index (TVC:DXY)  
SlumberJack92  
TVC:DXY   U.S. Dollar Index
Support and Resistance Parallel Channel Trend Lines rsidivergence supportzones trendlinetest QQQ SPDR S&P 500 ETF (SPY) BTC crypto
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supportandresistance parallelchannel trendline rsidivergence supportzones trendlinetest qqq spy btc crypto
DXY is touching the top of a multi-year parallel channel on the monthly chart, whilst also displaying bearish divergence on the RSI. This, to me, signifies at least a small reversal over the next couple of months. This should be buillish for stocks and crypto, which are all reaching significant levels of support at the same time. There is a lot of fear in the market, and blood on the streets (at least in crypto), so I am buying in here for a swing trade.

BTC:
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SPY:
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QQQ:
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