The product of SPX times DXY shows something incredibly interesting.
A probable scenario for the following months is this:
DXY has shown the last days some small signs of stagnation, but its future looks very optimistic. Sure we may have periods of price staying the same, but the train cannot change direction.
SPX and the other main US indices, may follow the paradigm of 1970s, as I previously mentioned in my ideas.
Even though we are in a recession, the total "strength" of US economy calculated by the product DXY*SPX shows a different picture. Make sure to follow the linked ideas to get more info regarding it. In short, what we see right now doesn't look like 2008. It is much more like 2000, and fundamentals long-term may be more similar to 1969. It is very probable to see oil, gold and dollar exploding the following years.
Therefore the pair looks bullish. I have posted however that the recent behavior of DJI*DXY looks like a distribution. This however may not be the case. So take what I say with a grain of salt.
Tread lightly, for this is hallowed ground.
-Father Grigori
A probable scenario for the following months is this:
DXY has shown the last days some small signs of stagnation, but its future looks very optimistic. Sure we may have periods of price staying the same, but the train cannot change direction.
SPX and the other main US indices, may follow the paradigm of 1970s, as I previously mentioned in my ideas.
Even though we are in a recession, the total "strength" of US economy calculated by the product DXY*SPX shows a different picture. Make sure to follow the linked ideas to get more info regarding it. In short, what we see right now doesn't look like 2008. It is much more like 2000, and fundamentals long-term may be more similar to 1969. It is very probable to see oil, gold and dollar exploding the following years.
Therefore the pair looks bullish. I have posted however that the recent behavior of DJI*DXY looks like a distribution. This however may not be the case. So take what I say with a grain of salt.
Tread lightly, for this is hallowed ground.
-Father Grigori
