Lack of volume confirmation as of right now - look at the red eye
If volume can break through it's current signature, it's off to the races..
If it cannot, I believe this is a short term short squeeze and price nukes soon
Shaking bears out of position before the true dump?
Look at my previous DXY post to see the zoomed in relevance of this bright green diagonal line.
Looks like decent re-accumulation / bounce territory imo. Im still bullish on DXY and believe this structure was the bottom until this green line is lost.
BRING THE PAIN!
I mean come on lets be real
If this actually plays out, you wouldn't be able to help yourself from laughing at this poor thing making yet another lower high on the macro while everyone screams that this is the next bull run (yet again)... especially when GDP just dropped 33% lmao
Would be funny in hindsight
If you sold DJI in August of every election year for the last 15 election years (Over the last 64 years), there were only 3 periods where you wouldn't have been able to buy back at lower prices, before the next election.