I think dxy is near a top of this bear market rally. Bearish divergences, starting to break down, MACD hourly bear cross, and if we close the day below 94.31 this would be a bearish engulfing candle in which case we would likely go back up and make a lower high below 94.74. Remember when dxy was 92ish I foresaw a counter trend rally to 94-95ish, but now I can see a move to take out the lows and resume the bear market. As you know I had 3 trades open and was down all 3 FB , AAPL , MSFT to the long side, despite this correction I was still able to pull tiny gains out of MSFT and I’m now up on AAPL , plan on closing AAPL gains out today in case Silver continues to go down. FB I’m down 2-3% but plan on turning that into a gain. I have really been buying metals especially mining stocks unlike anything. I normally don’t use margin but I have started to buy some of these stocks on margin because this is almost as good of a buying opportunity as March (you need to manage risk on margin never go above (1.3). I will be more than compensated for the interest at these prices.
