The world may not exactly look at the market this way, but since the DXY-0.08% is a trade-weighted US Dollar-0.08% , it at least captures a sense of what our wealthiest trading partners are experiencing when they are watching the US stock market move up and down.
If you note each time the 50% speed line is breached, that there is at least a correction of some kind but I think it is safe to say that the low we made in the 1st quarter of 2016 was a meaningful low and it brought out a lot of bears and fear-mongers.
Please visit my other forecasts, particularly the one where I gave a long list of reasons for the market to be bottoming right when it was back in February. I hope you enjoy it and I look forward to your comments.
March 17, 2016 10:18PM EST