DXY might continue up before showing decent correction
That the DXY can be compared to NASDAQ and FACEBOOK in its behavior is utterly alarming, it means nothing else but that the value of the USD is speculative, which we all already understand it is.
That the stock markets are going strong despite the industries slowing down is an indication of what will happen when the speculation no longer can hold its positions. Remember, a decaying economy (all right now) can only hold its face as long as it can get a loan for it to continue, and loans only grow as to the point where they cannot be paid back.
That said, as long as we're still trading within the rising channel price can still be considered bullish only having minor corrections to the downside. Picking tops on USD and stocks is not advisable but a major drop might be looming.
That the stock markets are going strong despite the industries slowing down is an indication of what will happen when the speculation no longer can hold its positions. Remember, a decaying economy (all right now) can only hold its face as long as it can get a loan for it to continue, and loans only grow as to the point where they cannot be paid back.
That said, as long as we're still trading within the rising channel price can still be considered bullish only having minor corrections to the downside. Picking tops on USD and stocks is not advisable but a major drop might be looming.