September 11th is an important day for so many Americans and one we will never forget. However is the DXY indicating a different kind of problem on that day? For now, I have a wedge that ends near that date. It could be Sept 11th or Sept 14th where the DXY may spring to life and cause a pullback on the market. This would not be good for plenty of johnny come lately's hoping to make a quick buck. However, this is perhaps what the thing the market needs to reach even higher levels than ever before because, why not at this point? A normal, healthy market pulls back and/or corrects itself, but we are not in exactly a normal, healthy market. With the inflated job reports, the deterioration of small businesses, global pandemic, and unemployment, it's only a matter of time before the market stops pretending everything is OK. How bad will the move down be? Hard to say. I don't believe this will be the mother of all crashes like March, but still a good opportunity for BTDs to profit.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.