Based on my bearish dollar analysis, I think indices are going higher this week!
We have a clear bullish daily trend! I have marked out the latest swing point on the daily chart!
We can see a clear OTE Fibonacci retracement and a string reaction off this level! I think we see a bit of a pullback at the start of the week and then go for the highs!
Similar analysis applies to DJI and SPX but I like the nas setup more!
Note
So far so good! :) tbh I think DXY gonna be bullish this week! So the indeces can hold at consolidation at best if not drop!
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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.