DXY Negative Correlation to Markets

Yesterday just before FOMC notes came out I was watching an ascending triangle pattern in DXY form, test and hit profit target.
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I noticed that the S&P 500 was moving in perfect negative correlation to DXY during FOMC.

So I decided to measure the correlation between the two and found significant negative correlation on the daily.
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The weekly chart shows strong negative correlation during times of market turmoil.
2022, March 2020, Early and Late 2018, 2015, 2016
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If there is a significant selloff in markets, I expect the dollar to continue to strengthen into a weakening economy.
Same can be said for a selloff in DXY one might anticipate a rally in markets.

Thanks for Reading.
Beyond Technical AnalysisDXYS&P 500 E-Mini Futuresnegativecorrelation

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