DXY - Critical Rejection Level
Not Financial Advice
The DXY has hit the .702 Fib retracement and rejected. If it cannot go back up and break out of that resistance level then that will most likely be a major top.
This is a key level that determines if any asset will go down hard or start to make new all time highs.
I'm starting to see some .702 rejections on commodities like beef and coffee so hopefully the market rotates into the assets that have been down like stocks and cryptos.
The DXY has hit the .702 Fib retracement and rejected. If it cannot go back up and break out of that resistance level then that will most likely be a major top.
This is a key level that determines if any asset will go down hard or start to make new all time highs.
I'm starting to see some .702 rejections on commodities like beef and coffee so hopefully the market rotates into the assets that have been down like stocks and cryptos.
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