DXY - Sharp Impulse
Actualizado
DXY retraced back to 0.382 as suggested in a previous thread. It has consolidated this area with a contracting fractal which has produced a significant upthrust. If it reverses here the fib suggests strength in trend. I think this is a big hint that DXY will be ready to rock shortly and with that the probable collapse of multiple markets.
Not advice.
Not advice.
Nota
Nice bounce off 50Dma and very impulsive day so far.It could get wild soon. Hold on to your hats and your dollars (not advice).
Nota
More impulsiveness apparently shaking gold bug boots. I think it backs down a little before the real bull run and SPX et al will have their end of grand supercycle blow off tops. Then its probably time to hide under the bed.Nota
Had a thought that DXY might back down and have a sideways accumulation on the 0.382 as SPX completes its blow off top heading toward Xmas.Any angry moonbois that may have strayed out of crypto, this is just a thought, not a strict prediction. But it might happen.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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