Bullish for US equity due to a bearish dollar
DXY
Bullish for US equity, due to a bearish Dollar, it is heading down to test 2018 DXY resistance, and before now to then, market will keep rally, also VIX heading down to fill the gap prior March, SPX,DJI making bullish break out.
NDX has signs of moving. watch to keep adding on more, and watch out for pull back when VIX/DXY hit resistance. and market breadth entering extreme.
Trade attivo:
falling even down, maybe leading market to go parabolic.
In the mean time, FED rate "quietly" going up, US10Y approaching to June high, Gold at critical level ( if 1852 regained, another bull run, if reject,1750 level).
pfizer vaccine cut back on production, congress dreadlocks.
so Market is in a balanced/delicate situation, waiting to move to either direction
One thing to note, Tech has been sidelines for over three months, if a huge pull back on them( FAAMNG) a best time to B.T.D!
In the mean time, FED rate "quietly" going up, US10Y approaching to June high, Gold at critical level ( if 1852 regained, another bull run, if reject,1750 level).
pfizer vaccine cut back on production, congress dreadlocks.
so Market is in a balanced/delicate situation, waiting to move to either direction
One thing to note, Tech has been sidelines for over three months, if a huge pull back on them( FAAMNG) a best time to B.T.D!
Trade attivo:
Reject 90.9 level, look for USD heading down to 89.3 level