When we multiply the
ES1! with the dollar index
DXY we can see some interesting resistance forming.
This also tells us how much money was printed and that a lot of the price gains must be considered as actually dollar weakness!
If we can not break this in the near future I will be all bearish for the S&P500.....
This also tells us how much money was printed and that a lot of the price gains must be considered as actually dollar weakness!
If we can not break this in the near future I will be all bearish for the S&P500.....
Note
Looks like we are still on track here. Next days could be interestingNote
We ripped through. Could be a last pre-crash blowoff or the beginning of a hefty upsurge.....
Would buy retests...
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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.