USD Performing Consistently with Spring 2018 Forecast- Now Anticipating DX Short Squeeze Within Weeks
This is a brief update to my post from ~3 months ago (link below) where I emphasized that the US Dollar will likely appreciate to the point that Specs will cover their DX shorts en-mass.. causing a short squeeze. This may then cause a reactionary selloff in US Equity futures & WTI Crude Oil futures as Specs will be looking to unwind their long positions (movement in DX is 'normally' correlated indirectly with securities that are priced in USD). Recent positioning in VX futures, as per CoT reports, adds to the likelihood of a DX squeeze occurring very soon, in my opinion.
Below, I have included some images from the chart that I had made to analyze DX price action for potential forecasting. I have added two sets of vertical green lines in an attempt to show some of the similarities of DX movement in 2008 & DX movement in 2018.
Monthly Chart
Weekly Chart
Momentum Breakout On Weekly Chart
https://steemit.com/investing/@bryanalighieri/positive-divergence-in-s-and-p-500-vix-futures
Congratulations @bryanalighieri! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP