Below are two represented ideas: $DXY and $SPY
- Decreasing Volume within the $DXY intraday with three local connection points is telling me that the $DXY will be going lower.
- $SPY
Exited BullTrap to appease the bears while reaching a critical level of demand.
Target reached today from last night FariValueGap from 12/8/22 0830 5min candle - indicated on chart with a vertical red line and dashed cyan line on the y-axis
I believe this is a double faint: a dual trap for both bulls and bears.
400 price target backed by an anchored v-wap at the same level - we are now beneath the lower band at market close. A duplicate level from two days ago.
Two is not enough for a solid idea: thus going back another day, you have the same peach bounce level...
With these two ideas, i have formed a trade thesis that the dollar is still too strong, and will see further downside resulting in an increased equity market.
- Decreasing Volume within the $DXY intraday with three local connection points is telling me that the $DXY will be going lower.
- $SPY
Exited BullTrap to appease the bears while reaching a critical level of demand.
Target reached today from last night FariValueGap from 12/8/22 0830 5min candle - indicated on chart with a vertical red line and dashed cyan line on the y-axis
I believe this is a double faint: a dual trap for both bulls and bears.
400 price target backed by an anchored v-wap at the same level - we are now beneath the lower band at market close. A duplicate level from two days ago.
Two is not enough for a solid idea: thus going back another day, you have the same peach bounce level...
With these two ideas, i have formed a trade thesis that the dollar is still too strong, and will see further downside resulting in an increased equity market.