#DXY. #StockMarket #BTC The USD index DXY is going up today. This will bring near term headwinds to stocks and risk assets like cryto over the next few weeks. Weekly chart is showing the start of a new bull trend for the US Dollar. We are inside the price channel. But, I have good news for the bears. We have a W pattern in the price and are forming weak momentum on the daily. ( W pattern is bearish) So with this in mind the #dxy might rise in the near term but the rise in the US Dollar will be limited with a strong possible drop down again in the fall. Feels like a correcting in stocks might be near keep an eye on the DXY for a trend channel breakout to the upside. For now we go up but again it seems limited.