Traders,
Is This One Key Indicator Telling Us That it is Time to Buy Again?
For the last few weeks, you’ve heard me sus out my thoughts on the dollar potentially double-topping and then dropping. Heh, top and drop. Should be a song title.
Anywho, a double-top is precisely what the dollar has done thus far. Is this signaling to the markets that it is finally time to buy or will the fed continue to tighten the noose on the markets? I think you all know where my bets lie. And thus, I thought it worthwhile to put out a quick post here regarding the topic.
If you’ve watched any of my videos, you’ve all seen this chart before. The RED highlighted area is, of course, my anticipated price action for the dollar, which is currently a key and leading indicator for the markets along with the VIX (fear index). When the dollar drops (becomes weaker), this weakness is often added to the market growth and appears as strength. Essentially, it is simply the market’s attempt to factor in inflation. Strength in the dollar often negatively impacts the market and denotes deflationary pressures, in this case, coming from the fed.
The VIX has been dropping since mid-June. And now, I expect the dollar may follow suit. If so, we may have a huge buy signal flashing in front of our eyes. Let’s watch this closely and trade accordingly.
Best to you all!
Stew
Is This One Key Indicator Telling Us That it is Time to Buy Again?
For the last few weeks, you’ve heard me sus out my thoughts on the dollar potentially double-topping and then dropping. Heh, top and drop. Should be a song title.
Anywho, a double-top is precisely what the dollar has done thus far. Is this signaling to the markets that it is finally time to buy or will the fed continue to tighten the noose on the markets? I think you all know where my bets lie. And thus, I thought it worthwhile to put out a quick post here regarding the topic.
If you’ve watched any of my videos, you’ve all seen this chart before. The RED highlighted area is, of course, my anticipated price action for the dollar, which is currently a key and leading indicator for the markets along with the VIX (fear index). When the dollar drops (becomes weaker), this weakness is often added to the market growth and appears as strength. Essentially, it is simply the market’s attempt to factor in inflation. Strength in the dollar often negatively impacts the market and denotes deflationary pressures, in this case, coming from the fed.
The VIX has been dropping since mid-June. And now, I expect the dollar may follow suit. If so, we may have a huge buy signal flashing in front of our eyes. Let’s watch this closely and trade accordingly.
Best to you all!
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
