DXY short term short - major swing long

Still working on the premise of a weaker Dollar for another couple of weeks.

However, I don't think the DXY drop will be as severe as some of the publications on-line are suggesting. From what I have read the general consensus seems to a "pick me" year should we tackle the Covid-19 situation. However, that play is too obvious. The top earners accelerate their wealth whilst there's blood in the streets as Baron De Rothschild put it.

Ultimately the SPX is so hyperextended it needs a breather if nothing else. But with the Monthly stochastic looking for a bigger rise in DXY, it's likely to drive gold down and SPX along with it.

Keep an eye on key levels marked on the DXY chart.


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