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Froddy

Member
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1,072
DXY ($US) update - price is at exhaustion risk, having reached the 1.618 Fibonacci extension and the top of the broadening formation (the upper trendline) on the monthly chart. Lots of juicy liquidity below, including fair value gaps. Will price reverse soon(ish) or push on through? Who knows - these are extraordinary times …


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DXY ($US index) is showing evidence of weakness at the top of the broadening formation, and has today formed a bearish engulfing candle on the daily chart. If, tomorrow, price breaks below today's low, that would be an actionable sell signal (although, being counter-trend, it would be risky). If the dollar breaks down, its fall will be fast, as there are plenty of fair value gaps (inefficiencies) below to be filled.

A weakening dollar (first chart - weekly), weakening US Treasury yields (second chart - 1hr), and a high put:call ratio (third chart - daily) might all favour an imminent rally in stocks if the market structure is changing. Who knows ...

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Wattie

Member
Messages
8,640
DXY ($US index) is showing evidence of weakness at the top of the broadening formation, and has today formed a bearish engulfing candle on the daily chart. If, tomorrow, price breaks below today's low, that would be an actionable sell signal (although, being counter-trend, it would be risky). If the dollar breaks down, its fall will be fast, as there are plenty of fair value gaps (inefficiencies) below to be filled.

A weakening dollar (first chart - weekly), weakening US Treasury yields (second chart - 1hr), and a high put:call ratio (third chart - daily) might all favour an imminent rally in stocks if the market structure is changing. Who knows ...

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https://www.zerohedge.com/markets/b...ificant-dysfunction-bond-market-material-risk

debtors always get bailed out……and it appears the answer to high inflation is to print more money!

“temporarily“ :laugh: There’s nothing temporary about this as the moment they try to stop yields will explode higher!

fonzie scheme
 
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DLax69

Member
Messages
4,290
Fellas start reading zerohedge.com for financial guidance.

some around these parts think it’s some communist conspiracy.

Its not, it’s clear and honest guidance on what’s happening in the totally ** financial world we live in.
I've been clicking the links you've been pasting...appreciate them, and you.

Also, I'm a flaming leftie who routinely buries his spare change in the alpaca pens.
 
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