[Watch it] Markets mess may see a pause within few weeks.

18 Jul 2022

DXY within an ascending channel.
Pretty stretched already, with a TD count 12.
Ongoing bearish divergence on RSI (unless canceled by a further push).

A slowdown in MACD would likely trigger a cooldown from here.
Meaning some sideways action and/or a pullback, towards the 101 mark eventually.

Watch out for formation of some local high in July (or August).
That would likely match with a significant pause in current markets "macro mess".

28 Jul 2022

Nota

Still diverging.
Wonder if it will paint anything like a shooting star on july M close.

30 Jul 2022

Nota

Awaiting M close.

1 Ogo 2022

Nota

Montly close at 105.



Fine, so far.
It may paint a shooting star, depending on august close.

6 Sep 2022

Nota

Still pushing, but close to 110 and at the 14th TD candle.
DXY never got past 13 green TD candles across 50+ yrs, a failed high is (still) a pretty viable option.

Let's see.

12 Sep 2022

Nota

Opening post chart, as of today.



Let's see ...

24 Sep 2022

Nota

14 TD candles (unprecedented) and over 110.
Very close to upper bound of channel, overextended and still diverging on monthly.



All in all i don't change my mind about the outcome.
I'd expect a noticeable cooldown along next few months, as per OP.

11 Okt 2022

Nota

DXY is amazing.
Still top of channel and ...

Monthly: red TD count 15, overbought on both RSI / Stoch RSI. Ongoing bearish divergence

Weekly: red TD count 9, overbought on both RSI / Stoch RSI. Ongoing bearish divergence.

Very likely anc close to fakeout imho.

11 Nov 2022

Nota

Back at 107. Good.

11 Nov 2022

Nota

Original view:


It seems moving according to plan.
101-104 seems possibile.

14 Nov 2022

Nota

Nice M candle, so far.

6 Dis 2022

Nota

104 area hit.
Nice.

6 Dis 2022

Nota

Now watch out for test of support.
That's a rising wedge.

31 Dis 2022

Nota

Down to 103 area and well within the target box.



From here i'd foresee some sideways and probably a bounce off support trendline area. Hopefully a dead cat bounce.

10 Jan 2023

Nota

Sideways till support, as expected.



Now a bounce is likely, due to support and overextension.
Let's see and hope we get a DCB, so that markets turmoil can be kept under control.

20 Jan 2023

Nota

Support broke, 101 area already reached.

It was the final target in the opening post.
It was reached a bit earlier than expected.

Enough for the point of current anaysis, thanks for your appreciation.