Looking at the bigger picture for DXY ( Dollar Index ).
As I've mentioned in one of my first snips , it is to be expected that the DXY will stay high in the upcoming years - having recession and tightening of the monetary policy.
Currently the monthly Stochastic is at level of 60 being strong support historically . One possible scenario is to see a bounce and an uptrend in the upcoming months , which will result in a new crash for the markets.
Meaning the global macro situation , I believe is likely to see at least a range btw levels 104 - 116 for the DXY in the next 2 years. ( hopefully not a break out above the 116 - 120 level )
Of course that is just a scenario I see as a possible one.
We will keep tracking ...
#stocks #dollarindex #bitcoin #crypto