Trading Fam,
Providing a quick update on a few new and alarming chart events and indications I am seeing. Usually, when the dollar drops, as long as the VIX remains low, stocks and crypto will rise. However, an anomaly is currently occurring on the charts. As stocks seem to be topping, the dollar is also testing major 17 year and 42 year support! I am not quite sure how to read this, but it seems that in this case, we could see stocks drop along with the dollar. How could this happen? Unknown. Could it have something to do with BRICS? Could it have something to do with the upcoming Fed decision? I honestly don't know how to answer this. I am simply just reading what the charts are showing me and telling you what it might mean for stocks and crypto.
Let's dive in!
✌️Stew
Providing a quick update on a few new and alarming chart events and indications I am seeing. Usually, when the dollar drops, as long as the VIX remains low, stocks and crypto will rise. However, an anomaly is currently occurring on the charts. As stocks seem to be topping, the dollar is also testing major 17 year and 42 year support! I am not quite sure how to read this, but it seems that in this case, we could see stocks drop along with the dollar. How could this happen? Unknown. Could it have something to do with BRICS? Could it have something to do with the upcoming Fed decision? I honestly don't know how to answer this. I am simply just reading what the charts are showing me and telling you what it might mean for stocks and crypto.
Let's dive in!
✌️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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stewdam.us
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Stewdamus Trades -
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
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.