Watching to see if the third time is the same. Dxy has respected the megaphone and has given spx plenty of fuel to get back to 4500. SPX bull flag projected target lands around $4668.79 that would clear the high of march 2022. A break of $96.72 should be confirmation that SPX will near the ATH if not surpass. DXY has had two consecutive 553 day down trends and if that repeats it should break the down trend in April 2024 sending it back to $114.77-$120.25. DXY is going to show us the way breaking the 04-01-22 low should refuel SPX.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.