Long the Dollar (DXY)

21 thg 12, 2023

DXY

The dollar will likely be in a TD9 perfected 9 buy next week. This aligns with potential TD perfected 9 sells on the QQQ and SPX. Something is brewings and we suspect that it would be wise to sell risk assets and long the dollar now to next week. Early 2024 is looking like a risk off period. We suspect a strong switch from bull to bear in the first week of January. Check out our recent QQQ and SPX analysis, which supports this argument.