If it follows the current trend then we could see a continuation of market structure to the downside. Stocks and bonds could see moves to the upside as a result of market correlation. Hang on to your hats folks!
It has created a small accumulation zone between these areas. I saw a momentum shift on the DXY to the upside so I'm taking a quick short on the NASDAQ to 14250 and lower if it retraces to pick up more orders to reach new highs.
Regular Bearish is forming on my order block. That's two confluences for me. DXY could continue to head to the downside if it respects this orderblock. If DXY continues bearish movement, look for LONGS on XXXUSD pairs and shorts on USDXXX pairs.
XAGUSD is giving a hidden bullish divergence on the weekly time frame. We could see it push to previous highs and beyond.
There is a 4hr bullish divergence that must clear before it continues the downward trend.