The Long Investor
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$DXY
🕑 Added 2025-01-16 04:51:56 +0000 UTC$DXY hit some resistance at $110 this week which is also the historical yellow resistance line, which is what the market needed to see in order to move higher.
The US 10 YR also let off some steam too and the market really enjoyed this and rallied yesterday.
Best case scenario next would be a move back to the 50 Day MA at $107, where the 50 Day MA is and losing this support level too....price could then drop down to the 200 Day MA at $105 and the market will likely move higher on this move....this could happen leading up to and after Trumps inauguration.
