This is roughly where I think we are in this major bear market cycle.
The index is hovering around the 50 Month TEMA and the DXY is having in a large shorter term correction.
IMHO the market is vastly over-reacting to a single monthly CPI datapoint and there's a lot more pain yet to come.
I suspect strongly that the 100 and 200 Monthly TEMA are still in play over the next 12 months.
The index is hovering around the 50 Month TEMA and the DXY is having in a large shorter term correction.
IMHO the market is vastly over-reacting to a single monthly CPI datapoint and there's a lot more pain yet to come.
I suspect strongly that the 100 and 200 Monthly TEMA are still in play over the next 12 months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.