US dollar index is rising overnight. S&P was rejected at 3800 and on the way down since, futures see m to confirm the trend.
VVX has been looking for a bottom, while stock squeezes in GME and AMC could catalyze further volatility. Large scale rotation out of tech stocks will add to the volatility, especially if the recent uptick was a bull trap.
Yesterday's rise was accompanied by a drop in short term interest rates, and a turnaround in the trend of the dollar index. Chicken or egg?
VVX has been looking for a bottom, while stock squeezes in GME and AMC could catalyze further volatility. Large scale rotation out of tech stocks will add to the volatility, especially if the recent uptick was a bull trap.
Yesterday's rise was accompanied by a drop in short term interest rates, and a turnaround in the trend of the dollar index. Chicken or egg?
Nota
We hit another bottom today as the dollar was sold off in large amounts to prop up the markets. TESLA fell anyway and the S&P ran out of gas at 3800.By the end of the day the DXY and S&P/TES:A were moving in the same direction and I think they gave up because it wasn't worth it anymore. Expect a move tomorrow barring major intervention - which could set this off too.
Nota
The S&P was boosted today by a big sale of US dollars and also selling gold. It seems to still be working, about 3-5 minutes lag from the dollar index direction to the response from the S&P.Left alone, the market could be about 50% lower.
Nota
Good job PPT.
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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.