daily wick formed a bearish hammer IMO. Looks like yields want to retest the break out around .95. From there we watch, this means a pull back is likely coming to stocks at some point we r talking 16 basis points so could do some damage.
But the DXY looks a bit mixed up and also looks like downside should continue.
The 4 hour 10 yr chart looks strong so this will likely be very choppy and not a straight drop, my original target of 3880 top in SP500 looks questionable. Im basically day trading pulling quick profits until I think this drop is complete.
Still long my crypto XLM XTZ as DXY weakness is apparent and my TP $88.50 still not tested so I can't really be sure today whether the DXY gets massive support & bounces off said level or if that level fails as support. But the correlation between stocks & 10yr is much stronger than stocks DXY IMO. That being said The 10 yr chart looks very similar to DXY.
But the DXY looks a bit mixed up and also looks like downside should continue.
The 4 hour 10 yr chart looks strong so this will likely be very choppy and not a straight drop, my original target of 3880 top in SP500 looks questionable. Im basically day trading pulling quick profits until I think this drop is complete.
Still long my crypto XLM XTZ as DXY weakness is apparent and my TP $88.50 still not tested so I can't really be sure today whether the DXY gets massive support & bounces off said level or if that level fails as support. But the correlation between stocks & 10yr is much stronger than stocks DXY IMO. That being said The 10 yr chart looks very similar to DXY.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
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If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.