The Maestro!
www.themaestroway.com
WEAK DEATH Dollar (DXY) and WEAK equities bounce.
7 years ago by themaestro (51)
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I didn't know what a Death Cross was, so I looked it up:
http://www.investopedia.com/terms/d/deathcross.asp
The link has a video explaining it as well as more info.
"What is a 'Death Cross'
A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. It is so named due to the shape created when charting the activity and its association with a downward market trend. As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market."
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The DXY is a huge HEAD AND SHOULDERS formation with projection to about 95 according to my pattern rules.
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this should be good news for metals, but we've heard about that so often, I will believe it when i see it
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Right on!
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Thank you for chart Maestro!
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Good Insight
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I looked at your website to find deeper analysis, but did not see one. Id love to hear the views of an expert chartist on what this means. Until the central banks let go it seems like chart analysis for stocks is not important, but for the dollar this does not look good.
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Website has been running for maybe a week.
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That is quite the telling chart there. Wonder who will control the narrative when the bubbles finally pop.
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Awesome chart.
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meaning you don't think the equities bounce will last?
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Dollar going lower doesn't mean equities follow. Equities are the new bond. Until not...
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Nice charting
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Good work Maestro, thanks for sharing.
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Well charted. I am curious to see how the banks handle this situation.
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this is what they want, a weak dollar.
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While I believe we are going a little lower in the DXY also, but what SMAs are you using here? I plotted on a daily chart and the closest I got to what you are showing are the 50 and the 200 and they have not crossed.
Thanks :)
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If you look at my chart, you are correct, the avg's have not crossed. They will soon...
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Ahhhh. Had to zoom in. Now I see. You drew in what is expected... gotcha.
Looks like we're heading down again, just watched some Bloomberg Asia opening. Futs looking a little unstable
Trade well!
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This post has been ranked within the top 25 most undervalued posts in the second half of May 18. We estimate that this post is undervalued by $18.92 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 18 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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What is the point of your post? Thanks!
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Thank you for this chart.
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Absolutely!
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The DXY is a huge HEAD AND SHOULDERS formation with projection to about 95 according to my pattern rules.
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Thank you Maestro and thank you for your book recommendations.
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