Sam’s EW count for DX
My own work says either that we bottomed in DX last month (less likely given how everything else looks) or that we will soon after the next decline (more likely).
Sam’s wave count for DX (intermediate term) was just posted. And he takes the latter view, with a marginal new low ahead.
Those who look at markets as interconnected (I certainly do) see the dollar chart as the lynchpin to all the other charts we are most interested in.
PMs in particular.
Things will come to a head as summer begins to retreat. Gold 3 up should be the monster move for the dollar. China? Japan? Yurp? Who knows?
My own long term charts are shouting quite clearly that something big is indeed brewing.
No clue what. That kind of clarity almost always comes later, in any event.
“Don’t tell me why. Tell me WHEN!”