Loading ...Dollar Target
Here is a chart showing a possible target for a dollar low. There are Fib relationships that point to 90.2 being an important level. Note also
https://bradleysiderograph.com/2017-turn-dates-gold/
Which forecast a turn date on Sept 7th five months ago. I’m looking for a bounce in gold here and then down into December.
I’m on board with that view.
A bit more downside ahead, but not a lot and a big turn is within sight.
Its should be pivotal across the entire risk asset universe.
Agree but still trying to work out best options. I think first stage is TLT finishes wave 2 when the dollar bottoms so short TLT in the 127-128 range. Then OBV on QQQ looks bad and Nasdaq appears to be leading weakness so short QQQ. Then probably U.S. money is pulled out of EMs so focus on shorting high dollar denominated debt countries like Brazil? and short Oil (which I recently did). Interested in your thoughts on this if you’re inclined