Hello traders,
SPX has reached an upper band of an expanding pennant. Based on DXY keeping it's pace with moving upwards, we can expect SPX to proceed to move opposite from the pennant's resistance towards the latest support area.
SPX has reached an upper band of an expanding pennant. Based on DXY keeping it's pace with moving upwards, we can expect SPX to proceed to move opposite from the pennant's resistance towards the latest support area.
Commentaire:
Still bearish on this with DXY gaining strength which supports the idea.
Commentaire:
US inflation decreasing we can see DXY propelling towards higher levels
