DXY ANALYSIS- market sentiment is giving neutral bearish energy but with the feds anticipation for a rate hike (I SUSPECT where bullish momentum comes from) we can expect to experience minor bullish momentum. That being said I'm expecting (N) market stagflation with bearish as primary and bull as secondary.
Sector analysis: XLF, XLI, XRT, SPX, CPI- My sector analysis is also giving either stagflation energy or stagflation with bearish energy. CPI is (N) Bullish correlating that to the retail sector which I expect to decline more but expect the current state to be in a heavier (N) state (great resistance creating minor bullish movement(s)) like some of the other sectors (N) which will give the dxy leadway to try bullish patterns. some sectors have already hit the qurterly tp which is where i think heavy resistance comes into play agan speaking market sentiment.
DXY weekly projection
Incline- 1.37%
Decline-(-1.78%)
SPX Weekly projection
Incline- 2.41%
Decline-(-1.38%)
as we see the correlation between the spx and dxy are giving stagflation but the spx will take lead over the DXY resulting in a more decline for the use dollar with the exception of the bull moments the dollar will have throughout the week. DXY is showing the stagflation (BUll testing momentum) through all areas of data for current movement and the secondary is the bearish flow (follow the data) so shorting the U.S Dollar will continue to be main focus until there is rason for trend to change.
Sector analysis: XLF, XLI, XRT, SPX, CPI- My sector analysis is also giving either stagflation energy or stagflation with bearish energy. CPI is (N) Bullish correlating that to the retail sector which I expect to decline more but expect the current state to be in a heavier (N) state (great resistance creating minor bullish movement(s)) like some of the other sectors (N) which will give the dxy leadway to try bullish patterns. some sectors have already hit the qurterly tp which is where i think heavy resistance comes into play agan speaking market sentiment.
DXY weekly projection
Incline- 1.37%
Decline-(-1.78%)
SPX Weekly projection
Incline- 2.41%
Decline-(-1.38%)
as we see the correlation between the spx and dxy are giving stagflation but the spx will take lead over the DXY resulting in a more decline for the use dollar with the exception of the bull moments the dollar will have throughout the week. DXY is showing the stagflation (BUll testing momentum) through all areas of data for current movement and the secondary is the bearish flow (follow the data) so shorting the U.S Dollar will continue to be main focus until there is rason for trend to change.
