drcrypto14

dxy bullish = bearish confluence

TVC:DXY   U.S. Dollar Index
$dxy continues to push off the lows, adding bearish confluence to markets.

dxy is tricky, as it's more macro than markets tend to be.

bullish dxy doesn't inherently mean bearishness for markets, but more so a risk off signal that can take time to reflect in the market itself.

in this case, however, it's running in a pretty close pair.
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