Both the US dollar index ($USD) and the volatility index ($VIX) have continued wedging down in recent days, looking for support. Strange combination, isn't it?! The idea of complacency at the dollar weakening so much - but it really goes to show that that's what the great crowd wants, the ability to sell US goods and services more competitively (understood) and the illusion for those in the US that our asset prices are going up (understood again - but ick!). Well, as technicians, all we can do is observe and gauge when these make a low. Should be pretty soon. Once they do, any trigger day up will require follow-through. For now, one of the main things I'm continuing to watch for is that 74.75 level in $USD (or if lower, 73.58). It definitely got closer to that yesterday.
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