$DXY topped for the short term? Looking like it wants 88-91.4
$DXY looks like it's topped for the short term w/ an ugly reversal candle on the 2 day. Strong short signal on my indicators.
Drew different possibilities of supports on the chart. My guess is that we go to the lower supports to make people think we're getting a macro breakdown in the dollar, then we see a strong reversal higher in $DXY . If this plays out, it should be positive for crypto and equities over the next 1-3 months.
Timeframe -- $DXY bottom sometime in September/October before a reversal higher.
Drew different possibilities of supports on the chart. My guess is that we go to the lower supports to make people think we're getting a macro breakdown in the dollar, then we see a strong reversal higher in $DXY . If this plays out, it should be positive for crypto and equities over the next 1-3 months.
Timeframe -- $DXY bottom sometime in September/October before a reversal higher.