Very self explanatory chart, the dollar is the key
The dollar is the key that separates us from an early recession or late recession at this moment,
we need to understand how it will behave in the next weeks and months to understand if we are having
1) A fast move to the upside breaking 13.8 and creating support over it, leading to 108 or higher.
2)A pull back to 100ish only to break 13.8 and go high
3)A slow move where it could pull back under 100 and let the markets really breath
Anyways, I believe the recession is coming, nobody knows how, when and at what pace, just be prepared.
PLEASE leave your likes, comments, and subscribe if you like my content, that helps a lot!
I am also always interested in your feedback, and critics! Have a good one
we need to understand how it will behave in the next weeks and months to understand if we are having
1) A fast move to the upside breaking 13.8 and creating support over it, leading to 108 or higher.
2)A pull back to 100ish only to break 13.8 and go high
3)A slow move where it could pull back under 100 and let the markets really breath
Anyways, I believe the recession is coming, nobody knows how, when and at what pace, just be prepared.
PLEASE leave your likes, comments, and subscribe if you like my content, that helps a lot!
I am also always interested in your feedback, and critics! Have a good one
Comment:
THE GRAPH IS INVERTED!
