- There is a lot of red on our weekly SUSI sheet. Most key areas are on a sell signal as are most of the "HOT" areas.
- The DXY / Dollar is on a BUY SIGNAL which means if the DXY has bottomed the market should become very susceptible to risk
Bear in mind the phases of this rally:
- short covering (1st couple of months since March....)
- institutional and retail (mutual funds) chase the rally (up to Aug/Sep)
- hot money gambling with retail and institutional profit taking
- correction ???
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