DX1! - Dollar Index looks creepyOK, that's creepy to me.
On this long term chart we see that price respects the Pitchfork very nicely. But that's not creepy, that's what I see day in and out.
But here it comes: IF this is a monster Bull Flag we see in the grey shaded area, the USD will explode to the upside in the comming months. That means, that with the higher and higher inflation in the US, daily goods become even more expensive, and at the same time, exporting becomes harder and harder.
Now, to stay competitive to the world with exports, the governments usually intervene by manipulating the currency down.
BUT now we face a huge problem:
The FED has printetd money endlessly...billions and billions, and that caused the mess, the inflation. Yes, it's not the Virus, it's the "Cocain" for the gamblers that was printed.
So, what would be necessery to manipulate the USD down? Printing money? But, they should STOP printing money so that the inflation can be tamed. Oh..ough..I think someone is trapped very, very bad.
I have no clue how this kneel could be unwinded without kinda reset, or the hard but efficient way of Paul Volker. It would be equivalent to the very, very bad headache after the furiousest party ever celebrated. (borrowed from Maverick Of Wallstreet on YT).
Oh, yes, you're right: The wealthiest got the party, the headache is for the crowd.
1.20 is the mark so far.
Cheers...
