Really closed to hitting target 1 (off by -.14) and rejected at the 20VWMA. Par Sar buy intact with VSS still flashing sell. Watching DXY here.. Two plausible scenarios here:
1. DXY bounce taking market to 203.79 allowing consolidation for move up to 209.16
2. Keep pressing up to 209.16 before headed towards the low at $197 area
I'm prepared for both. DXY looks like it wants to bounce soon. Will be this week, which is bad for equities.
1. DXY bounce taking market to 203.79 allowing consolidation for move up to 209.16
2. Keep pressing up to 209.16 before headed towards the low at $197 area
I'm prepared for both. DXY looks like it wants to bounce soon. Will be this week, which is bad for equities.
