400$ Magnet Target: The PeachBounce

Below are two represented ideas: DXY and SPY

- Decreasing Volume within the DXY intraday with three local connection points is telling me that the DXY will be going lower.

- SPY
Exited BullTrap to appease the bears while reaching a critical level of demand.
Target reached today from last night FariValueGap from 12/8/22 0830 5min candle - indicated on chart with a vertical red line and dashed cyan line on the y-axis

I believe this is a double faint: a dual trap for both bulls and bears.
400 price target backed by an anchored v-wap at the same level - we are now beneath the lower band at market close. A duplicate level from two days ago.
Two is not enough for a solid idea: thus going back another day, you have the same peach bounce level...

With these two ideas, i have formed a trade thesis that the dollar is still too strong, and will see further downside resulting in an increased equity market.





https://www.tradingview.com/x/AFL9WiqZ/

https://www.tradingview.com/x/x81TT4dc/