DXY US Dollar Index (Y20.P4.E1).Bullish short term

8 thg 9, 2020

Hi All,

They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.

We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;

The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.

A strong USD is bad for business...stocks included.

Please give me a like or tick for this post.


Regards,
S.Sari


Daily chart

10 thg 9, 2020

Ghi chú

USD drops, SP500 and others go up.... as per script