The way the dollar index has been making new highs never seen before. We may need to see it pull back if it wishes to go higher. This can definitely influence bullish momentum for indices like U30.
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There is an intraday head and shoulders at play here. This can be seen on the M15
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The previous intraday head and shoulder mentioned has failed as the market has gone into an indecision. Currently reanalyzing this forecast.
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This forecast is still in play
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This bias can still be correct if DXY begins to drop.
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This bias is still holding as still holding, but can easily change is the dollar keeps its bullish momentum.
