Proposing an X wave diagonal.
Will take this setup if this X diagonal forms.
Reasons: A of proposed X retraced 50%
C,D,E line up with previous Support/Resistances,
USD currently indecision with S&P movement (S&P Proposed 2nd wave of bear, will correlate with this drop in USD)
Following this 2nd wave of S&P, the market should continue down. This means the dollar should continue up, following this next week, and the stock market should continue down .
Will take this setup if this X diagonal forms.
Reasons: A of proposed X retraced 50%
C,D,E line up with previous Support/Resistances,
USD currently indecision with S&P movement (S&P Proposed 2nd wave of bear, will correlate with this drop in USD)
Following this 2nd wave of S&P, the market should continue down. This means the dollar should continue up, following this next week, and the stock market should continue down .