dxy is currently backtesting a decade old trendline,
if we get above it, this is bullish for dxy - bearish for the global markets.
this is my updated projection on dxy as of this moment.
i do expect a downturn into a sub-wave 2 of the primary fifth wave to take place sometime soon.
once that wave 2 is completed, there will be some real pain in the markets.
if you think things are pretty bad right now, i'm sorry to say - it can get a whole lot worse.
prepare for it, use stops, and expect the unexpected.
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