Trust me, this pair still got more room to fall.
Don't simply think this will bounce from the support, it's a dead cat. Support line can be easily found on Monthly chart
Just keep shorting, and at least u still have some swap money to make.
SPX currently stuck in a rectangular area.
I'm Expecting Trump and Xi talked it out and be peaceful for a while, since both of them aren't fully ready for a complete confrontation.
I'd say SPX will make a new high before next presidential election and everyone will be happy~
everything written on the chart, thinking it may hit a near term top around or slightly sub-98
but this is just trading a retrace for dxy, not a full trend reversal
We've seen it couple times before, and we may do it one more time.