[DXY] Pinning Down the Dollar at 32Y Support... SHORT or LONG?
I don't know much about the dollar besides the fact that it has strong ties to market directionality.
Many of the my fav TViewers are generally in agreement on short SPX and long VIX but are in STRONG disagreement on the direction this thing is going so I thought I'd do some mapping for people smarter than myself to analyze.
After adding some lines my best guess would be the disagreement stems from the fact that it's currently dead center of it's 32Y support channel so some think it'll bounce off and shoot up, others think it will crash down below.
Any insights from you guys always appreciated.
Enjoy! B)
Many of the my fav TViewers are generally in agreement on short SPX and long VIX but are in STRONG disagreement on the direction this thing is going so I thought I'd do some mapping for people smarter than myself to analyze.
After adding some lines my best guess would be the disagreement stems from the fact that it's currently dead center of it's 32Y support channel so some think it'll bounce off and shoot up, others think it will crash down below.
Any insights from you guys always appreciated.
Enjoy! B)
Data analyst with a passion for best fit lines B)
