Here we have EurUsd inverted
This is not going to bounce till 1.11X which means our spx mid term target of 4300 should happen this quarter
After the bounce it’s unlikely the dollar will go full bull again the geometry isn’t there for that
The euro is in a longterm uptrend (green)
The dollar could consolidate around 1.11 and attempt to reverse (red channel) later in the year which would still give stonks time to ath
What I think is more likely is that euro just pauses around 1.11 for a while and then goes to 1.2-1.3
That would mean new bull markets in crypto, equities and gold
Either way
Bears r fuk
GRi 2023
This is not going to bounce till 1.11X which means our spx mid term target of 4300 should happen this quarter
After the bounce it’s unlikely the dollar will go full bull again the geometry isn’t there for that
The euro is in a longterm uptrend (green)
The dollar could consolidate around 1.11 and attempt to reverse (red channel) later in the year which would still give stonks time to ath
What I think is more likely is that euro just pauses around 1.11 for a while and then goes to 1.2-1.3
That would mean new bull markets in crypto, equities and gold
Either way
Bears r fuk
GRi 2023
Comment:
Sentiment = Disbelief
Comment:
Comment:
Whether I’m right about this not being a significant bottom for the dollar… depends on if we get a dollar rejection this week if not it will run into mid month at least (dollar), in which case it can attempt a new high which I believe will fail. Geometrically a final bottom is highly unlikely at these levels although it’s possible it could attempt a bull move, ultimately fail and go sideways for a while which would enable risk to run
