good afternoon,
quick update to my previous dxy post via:
the us dollar is finally up here at my target.
might expand just a hint higher to my 123.60% extension (market burgundy on the chart).
if it does indeed expand, expect a tad bit more pain in the markets.
if it rejects the 100% extension, relief will come quickly as many assets across the board will begin to appreciate very quickly.
---
regardless if it goes a tad higher, or if it's done - i think this will mark the end of a very painful phase for some, and should in theory push things like spy and btc up fairly quickly.
expect it if you are a bear,
take advantage of it if you're a bull.
✌
quick update to my previous dxy post via:
the us dollar is finally up here at my target.
might expand just a hint higher to my 123.60% extension (market burgundy on the chart).
if it does indeed expand, expect a tad bit more pain in the markets.
if it rejects the 100% extension, relief will come quickly as many assets across the board will begin to appreciate very quickly.
---
regardless if it goes a tad higher, or if it's done - i think this will mark the end of a very painful phase for some, and should in theory push things like spy and btc up fairly quickly.
expect it if you are a bear,
take advantage of it if you're a bull.
✌