DXY Finished a 5 wave pattern. Time to "rest". A retracement/correction would indicate a recovery of 1.2% - 2.8%.
Will the DXY retrace and then resume its current trend? Or will we see an inversion here?
A solid EUR would indicate further depreciation of the USD.
For now: USD up, seems the way to go!
The Economist cover on Tech Bulls late last year was not enough to overthrow the techs, but is the kill zone sufficient?
Personally I like going with the trend. So ... go with the trend but get ready to get out fast!?
On a side note: statistically speeking if the market corrects 30 - 50 % from current levels it will turn end the July - October in negative which...
