SS says
Pls see chart above
DXY has been range bound since last couple of weeks between 72 and 76
Bearish view on DXY peaked in this year - see bottom in blue line on chart
People no longer hate the DXY
But the love ie BULLISH SENTIMENT has now moved from 10 to 50%
So the crowd is loving the DXY now -
As we can see - DXY is not dead - as most stupid people were saying
DXY is not dead - as there is no hyper inflation - as the fools were saying in the press
DXY is actually trying to bounce up from 72 to 76 in last couple of months
All risky assets have been weak - DXY has been strong
This makes sense to me
One strange observation is - DXY has barely edged up - while sentiment has gone from 10 to 50%
There are two views here -
1 - DXY is about to shoot up
Go to 80
Hence Blue line should head to 90%
2 - If the final pattern has not set in as yet - DXY should make one more low near 72 and then make the final BOTTOM
Blue line should first collapse and then rise
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Either way - Pls note that the only way DXY can go is up - its only a matter of time - either now - or later
I feel it will be sometime last qtr this year or early next year
BE ALERT - we are about to see the mother of all moves in mkts coming soon
RISKY ASSETS WILL GET CRUSHED and DXY will SPIKE UP
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