Bullush case for Equities:
After a clear distribution top followed by a markdown and underside retest of the previous range equities are looking like they are building a classic Wyckoff accumulation range.
This would fit very well with the macro picture of a short term resurgence of inflation, increasing rates and a relisation that the pause only comes AFTER...
DXY has deviated the 4H range to the downside and had a strong reaction to the upside.
In the process of breaking downward structure and breaking the downward trendline.
If accepts above the range = risk off.
