DXY retraced back to 0.382 as suggested in a previous thread. It has consolidated this area with a contracting fractal which has produced a significant upthrust. If it reverses here the fib suggests strength in trend. I think this is a big hint that DXY will be ready to rock shortly and with that the probable collapse of multiple markets.
Not advice.
Not advice.
Comment:
More impulsiveness apparently shaking gold bug boots. I think it backs down a little before the real bull run and SPX et al will have their end of grand supercycle blow off tops. Then its probably time to hide under the bed.
Comment:
Had a thought that DXY might back down and have a sideways accumulation on the 0.382 as SPX completes its blow off top heading toward Xmas.
Any angry moonbois that may have strayed out of crypto, this is just a thought, not a strict prediction. But it might happen.
Any angry moonbois that may have strayed out of crypto, this is just a thought, not a strict prediction. But it might happen.
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It could get wild soon. Hold on to your hats and your dollars (not advice).