This means stocks go down unfortunately when the dxy goes up. The vix is also at 30 on the daily. If I was betting I'd be all in that a new bottom is coming very soon for stocks next at least one more time but will start any day now until hopefully the December last fed meeting and rate hike and we get a .50 and can finally breathe and invest again into a new Bull market starting out 2023...
I see a daily chart on the VIX at dangerously low RSI levels (30) pointing to a strong reverse to the upside which equals stocks go down...just in time to drop the market up to the next and final fed meeting to hear the last rate hike..and hope to God it's a .50 this time so we can get unstuck and rally into a bull market. but I'm overall bearish until the next fed meeting which I believe is December 15th if I'm not mistaken...very soon but plenty of time to drop the markets again