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U.S. Dollar Index
Short

DXY reversal? Positive signs for the market

By SlumberJack92
DXY is touching the top of a multi-year parallel channel on the monthly chart, whilst also displaying bearish divergence on the RSI. This, to me, signifies at least a small reversal over the next couple of months. This should be buillish for stocks and crypto, which are all reaching significant levels of support at the same time. There is a lot of fear in the market, and blood on the streets (at least in crypto), so I am buying in here for a swing trade.

BTC:
snapshot

SPY:
snapshot

QQQ:
snapshot

BTCcryptoParallel ChannelQQQrsidivergenceSPDR S&P 500 ETF (SPY) Support and ResistancesupportzonesTrend Linestrendlinetest
SlumberJack92
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