Something is going to break, DXY or SPX500 take your pick II
Update of the trend lines after the FMOC;
From here I would say it's safe to go long in stocks for the rest of the year, FOMC has reached peak hawkishness, inflation has peaked, the dollar is out of gas, almost not even moved after the FOMC, triple divergence in the monthly RSI ;
Right now I would take the contrarian attitude, I would short the Dollar and go long in the SPX500 .
From here I would say it's safe to go long in stocks for the rest of the year, FOMC has reached peak hawkishness, inflation has peaked, the dollar is out of gas, almost not even moved after the FOMC, triple divergence in the monthly RSI ;
Right now I would take the contrarian attitude, I would short the Dollar and go long in the SPX500 .
