Multiple confluence point do both an appreciation of the U.S. dollar this week, on the back of multiple structural reversal patterns in both various equity markets but WTI, and vix being over 26 which suggest a bearish trend for the US500 / SPX. Wait for a rejection of the zone in yellow on the 4-hr time to short for a multi-day/week swing to the downside.
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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.