The Dollar (DXY) is showing signs of a potential big flush lower. Momentum is back above the zero line, there is a daily squeeze, and price is below the daily 21 exponential moving average (EMA) and 50 simple moving average (SMA). In addition to the bearish lower time frames, all of this combined could signal the daily squeeze will fire short. If the dollar continues to flush, this should also be positive for the equities.
In the video below, we’ll review the market conditions on the Nasdaq (QQQ) and big tech names like META, AMZN, and TSLA.
Stay Focused,
Taylor Horton
