Chart to compare SPY/DXY to its inverse DXY/SPY to convey Short SPY and Long DXY (published as Short SPY).
- SPY/DXY: White price line in Wyckoff Distribution phase corresponds to rising yellow channel and to yellow vertical lines and text.
- DXY/SPY: Blue price line in Wyckoff Accumulation phase corresponds to falling orange channel and to orange vertical lines and text.
- Pink vertical lines correspond to times when the Wyckoff phases of each pair coincide.
- Note the volume indicator: the white vertical lines indicate similar points of interaction between orange and teal bands.
Comment:
Might be more accurate for me to have put PS and PSY together on 1 June ‘98.
