*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
What's up guys! We are here to shed some light on this insane violability that the market has been experiencing these past couple of weeks. To start off, this upcoming "Santa Rally" that you may be hearing about is solely dependent on DXY retracing to retest our trendline support. If DXY were to however break through $97 resistance this week you should expect SPY, cryptos, and even oil to fall.
The Federal Reserve FOMC announcement on December 15, 2021 is likely the catalyst that will either send DXY back down to retest our trendline, or launch it through $97 resistance.
Please be aware that my team fully believes that the weight of the U.S dollar should dramatically increase within a few weeks regardless, and can only be delayed by an undecisive decision by the Feds temporarily.
!! This chart analysis is for reference purposes only !!
This is spot on. Dollar Futures (DOL1!) looking to retest 5725-5730 to the upside, coinciding with Wednesday. The market may have priced in accelerated tapering, but I believe participants are under-prepared for more aggressive dot plots. This will be key to market reaction Wednesday.
SimplyShowMeTheMoney
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@ssinykin Absolutely so! Good luck and thanks for commenting!
CookieMonsterr04
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DXY is going to rally man. You have all of this wrong. Interest rates will increase the dollar and bring the market down. DXY will also tank Bitcoin next year. Good luck. I hope you arent getting roasted on all your plays..
SimplyShowMeTheMoney
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@CookieMonsterr04 Your comment clearly shows that you didn't even read the post. Reading is essential! Thanks for sharing!