In continuation of my dollar analysis for the near term, the DXY broke out of the wedge to the upside. Bitcoin & Gold are strong & oil is steady as of now but can easily pop to the upside with the wars & geopolitical situation in the world.
I also still believe strongly that the markets will continue to rise ahead of the elections. This week seemed to follow the trend i believe will continue until October & November.
This is a follow up to my recent idea of the DXY & the total market including the troubled banks that have exposure to commercial real estate..
(stock market is not correlated with the economy anymore)
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