SPY DXY Conditions for Possible Reversal

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The yellow moving average shown on the chart is the 400 week moving average. Institutional investors and macro traders typically see the 400 week MA as an area of an asset being oversold.

As you can see, the 400 week moving average is where SPY bottomed earlier this year, the question is, will DXY do the same now that SPY is near all time highs?

These are great risk reward setups for anyone looking to take a longer term position.

Penafian

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