DXY Finds Support, 105 Next | The Last Signal (Not Subtle)

28 ส.ค. 2024

A 570 days long support level has been activated and a reversal is now taking place on the U.D. Dollar Index (DXY). This means that the DXY is now turning bullish for the first time since June 2024.

The support level in question, marked on the chart with an orange line, marked the end of a major decline in late 2023 (December). As soon as this level was hit, around 100.617, the DXY entered a four months long bullish wave.

This same long-term support level supported the DXY back in April and February 2023.

The next rise is set to put this index around 105. Can be a bit lower or a bit higher, this would be the initial move.

This rise can last between 2-3 months, initial. If the bullish move will be continued we can only ascertain after the first leg-up is in.

Knowing the significance of this index, how it relates inversely to Cryptocurrency and the Stock market, as well as to sociopolitical stability, we can assume that things are about to get rough. In short, war is about to intensify and everything is set to experience a major leg-down; a global-wide (instead of marketwide) correction; a major financial flush. The Global Reset 2.0.

This is the final signal. It confirms everything we've been seeing in the past month.

It confirms a bearish bias on the stock indexes.
It supports the intensification of Bitcoin's correction in the ensuing months.

Panic will set in, but it will not be the end of the world.

After the major market flush is over, it will feel like when a hurricane passes through your town... Everything is down to pieces, but the air is clean and it feels really peaceful and calm.

There is no time to cry. We all stand up and start to rebuild. In time, the disaster will be a memory and we will use the experience for growth.

Namaste.

6 ก.ย. 2024

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We have a major bullish signal:

Bulls and bears fought but the bulls won.
This indicates that the DXY is set to continue higher.

On the daily timeframe this is shown as a higher low and a candle with a long lower wick:

This tells us that all markets that are affected by a bullish DXY will continue to crash.
We are looking at a strong correction (several months) for the stock market.