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PontusTrader
Jul 24, 2020 5:54 PM

Bears have to clear 3190 to unlock lower Short

E-mini S&P 500 FuturesCME

Description

It's clear, central banks are here protecting the 3190 level, desperately suppressing DXY, this time the BoJ took the baton over from the ECB to suppress DXY via UJ pump.

The effect of DXY suppression = equities support mechanism is diminishing, marginal impact from continued suppression is now occuring.

Someone has to force their hand lower.
Comments
Norils
Your analysis is great and the levels are well defined - just need to apply it in the right direction!
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