DXY Monthly - King Dollar - ResurgenceThe ADX indicator was rising from 15 (weak trend) to 35 (strong trend) since March 2022 before a recent decline. As the dollar has lost its strength, the ADX rolled over along with RSI. I believe the Dollar will find support here and begin another uptrend. Potentially a violent upswing as the Fed HAS NOT PIVOTED and continues to tighten financial conditions through more rate hikes and continuing QT. The ADX should rise again and I believe beyond the noted resistance of 40. The masses are FOMOing into stocks & crypto yet again with Greed/Fear index at GREED level 63. NAMO/NYMO are also the most elevated in years. $VIX has collapsed to 18 showing FEAR IS ABSENT. A market without fear is DANGEROUS! Protect your #kingdollar as RISK "assets" are primed for a WATERFALL SELLOFF due to over leveraged and over concentrated positions. The DEBT BUBBLE IMPLOSION is near. GL.
