SPX and NDX may be getting into Golden Arches Territory

7 déc. 2023

Double Top possibility here, expect it to be much more likely to occur if the US Dollar Index DXY moves back above the red box shown below:



This has been a long-time theory - if DXY moves above the 112-114 highs from a while back, we'll see double tops across many markets, crypto and stocks. Stocks may be the first to drop as they're already approaching their recent ATHs.

Should DXY move back down below 98-101, we may instead see new ATHs across markets and a sort of mega-boom before DXY eventually heads back up and leads to market crashes

7 déc. 2023

Note

Here's another pic illustrating how DXY may mirror the movements of SPX and NDX (also DJI and BTC, not pictured below):

A DXY move up may mean stock markets move down