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Here’s a simple weekly dollar chart. Not looking good by any means. The indictors confirm. I’ll add this can’t be any good for equities either. If your sitting offshore in the euro currency or some others, and own US equities, you’re going to bail at some point. Now if your a Central Bank, doesn't really matter.
Thanks again for the research Bouraq, great stuff. I had a question; the beige tags on the Y-Axis - do they signify the expected pivot point, or the previous close?
Here’s a simple weekly dollar chart. Not looking good by any means. The indictors confirm. I’ll add this can’t be any good for equities either. If your sitting offshore in the euro currency or some others, and own US equities, you’re going to bail at some point. Now if your a Central Bank, doesn't really matter.
ReplyDeleteThanks Bouraq, loving the wave count on WTI
ReplyDeleteThanks again for the research Bouraq, great stuff. I had a question; the beige tags on the Y-Axis - do they signify the expected pivot point, or the previous close?
ReplyDeleteThose are the current prices at the time of writing Jon.
ReplyDeleteDollar is doomed for my money.
ReplyDeleteI
ReplyDeleteagree with that. Silver is also a good buy right here. And you can’t go wrong with
land along the Columbia or Snake River with good well water.