DXY looks like it is setting up for a possible spike higher, but into strong resistance. Watch for sellers to step in if we break higher into the box region.
99.5 is a cluster of weekly candle closes and should offer strong resistance (previous swing high wick also). 100 psycological level above that, so bulls have their work cut out for them.. :)
USD bulls went on a rampage yesterday.... Large daily candle may leave bulls a bit exhausted.
Interested if a reversal in DXY will lead to a shift in risk sentiment. SPX nearing resistance around 3000, due for a little selloff imo... Watching gold / silver also for signs of support and a long entry opportunity.
99.5 is a cluster of weekly candle closes and should offer strong resistance (previous swing high wick also). 100 psycological level above that, so bulls have their work cut out for them.. :)
USD bulls went on a rampage yesterday.... Large daily candle may leave bulls a bit exhausted.
Interested if a reversal in DXY will lead to a shift in risk sentiment. SPX nearing resistance around 3000, due for a little selloff imo... Watching gold / silver also for signs of support and a long entry opportunity.