Hi All,
They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.
We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;
The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.
A strong USD is bad for business...stocks included.
Please give me a like or tick for this post.
Regards,
S.Sari
Daily chart
They say a stronger US dollar makes stocks and other commodities drop and a weaker USD the opposite.
Well its so far turning out to be true.
We have a bullish div. on the USD index on the 12 hr and above;
We have the SP500 dropping for an overdue correction;
We have GOLD also consolidating after a nice bull run, also a correction;
We have crypto also doing a overdue correction;
The formulae for stocks is so far overbought, overvalued and overbullish, now remains the trend to change and we are bearish once again.
A strong USD is bad for business...stocks included.
Please give me a like or tick for this post.
Regards,
S.Sari
Daily chart
Note
USD drops, SP500 and others go up.... as per script
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This community has signals now but with no risk management comms.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
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.