DXY completed 5 of 5, bouncing off the 3.6 fib from June bottom. It briefly eclipsed the 2016 and 2020 highs, highest since 2002 now. This could be signaling higher prices for equities and commodities soon. Will be watching for corrective or impulse here; but a 100 test seems fairly certain.
Kommentera:
If it runs past 104, consider the idea invalid
Kommentera:
Looks like it's playing out down to 100.