The Dollar is at the upper band of the well-defined channel in which it’s been ascending the past 12 months. We’re thinking a check back to at least the middle of the channel (and quite possibly to the lower band of the channel) is likely. $DXY
https://t.co/RRxJAeLcgO
Big crashes on Monday follow bad wk & bad Friday but 70%+ of my technical metrics (holdouts VIX & volume related) are oversold w/ 50% threshold. Staying disciplined & covering shorts. Believe SPX ~3K is still THE low but expect nxt bear mkt rally. Already 5 in 2022 w/ avg of 9%
Market gave back all gains today as Health Care and Cons Discr led decline; Energy surged, followed by relatively impressive day for Financials … growth-oriented indexes hit hard as value retook lead today, yet Russell 2000 Growth continues to lead MTD