Hello Sophisticated Trader,
This week the Dxy gave up all its gain with a solid bearish candlestick. The uncertainty, bailout, and printing of money out of nowhere seem to be beginning its effect on the market, especially this close to the US election. Technically, today's close below the 50 MA, the crossing of the MaCd down, and RSI pointing down on a daily chart, all indicate another leg lower to potentially test support.
Remember to Follow, Comment, Like, and Share
Happy Trading!
Dr. Lydia Smith
This week the Dxy gave up all its gain with a solid bearish candlestick. The uncertainty, bailout, and printing of money out of nowhere seem to be beginning its effect on the market, especially this close to the US election. Technically, today's close below the 50 MA, the crossing of the MaCd down, and RSI pointing down on a daily chart, all indicate another leg lower to potentially test support.
Remember to Follow, Comment, Like, and Share
Happy Trading!
Dr. Lydia Smith
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