Hello traders,
SPX has reached an upper band of an expanding pennant. Based on DXY keeping it's pace with moving upwards, we can expect SPX to proceed to move opposite from the pennant's resistance towards the latest support area.
SPX has reached an upper band of an expanding pennant. Based on DXY keeping it's pace with moving upwards, we can expect SPX to proceed to move opposite from the pennant's resistance towards the latest support area.
Note
Still bearish on this with DXY gaining strength which supports the idea.Note
US inflation decreasing we can see DXY propelling towards higher levels 
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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.