#DXY to #SP500 #SPY

22 thg 5, 2020

DXY

We are back to Chinese trade tensions with Chinese companies possibly to be delisted from the NASDAQ and Hong-Kong protests back on.
If we want to see a pullback on US indices, I am convinced this will depend on the USD. The demand and surge of it will mean pain for equities.
With that said, I can see 5 waves to the upside in micro degree to complete a corrective structure before lower lows.
Complicated to see this five wave rally breaking March highs given the count and also the undoubtable final stimulus package.