When The DXY Goes Down, The Broader Market Goes Up!
Hello traders, here is a quick chart update for the DXY.
First, you have to understand that the broader market recently has been trading opposite of the DXY...
This means that:
- DXY Up = Broader Market Down
- DXY Down = Broader Market Up
This has been incredibly consistent for nearly the past year so it is an excellent predictor of the stock and crypto markets.
The DXY is at a pivotal point right now being as it has hit the top of its channel.
- This likely outcome is that the DXY will pullback into support, giving the broader market bulls the confidence to rally the market.
****So if the DXY pulls back, the market will rally****
Thanks everyone and best of luck trading!
First, you have to understand that the broader market recently has been trading opposite of the DXY...
This means that:
- DXY Up = Broader Market Down
- DXY Down = Broader Market Up
This has been incredibly consistent for nearly the past year so it is an excellent predictor of the stock and crypto markets.
The DXY is at a pivotal point right now being as it has hit the top of its channel.
- This likely outcome is that the DXY will pullback into support, giving the broader market bulls the confidence to rally the market.
****So if the DXY pulls back, the market will rally****
Thanks everyone and best of luck trading!
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