Focus on DXY

LLOYD: “I’ll bet you 20 bucks I can get you gambling before the end of the day!?”
HARRY: “No way.”
LLOYD: “I’ll give you 3 to 1 odds?”
HARRY: “Nope.”
LLOYD: “5 to 1?”
HARRY: “Nope.”
LLOYD: “10 to 1?”
HARRY: “You’re on.”
 – Dumb and Dumber
No change to the latest weekly outlook video. Today we’ll focus on 3 key charts and how their relationship is key for future cyclical moves.
1. The bulls are in control on the equity side as the squeeze continues > key test here on the ES at the 2700 pivotal level in this broader chop zone:

2. DXY is still in a grind higher mode, clipping upside stops but starting to stall:

3. Gold has been trying to flush weak longs but keeps on showing signs of trying to base and coil:

Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.