A little bummed I missed closing out my Short on Friday with the drop, but I have some room and still seeing downside. Lots of macro catalyst this week so I'll be white knuckling my Sept 15 PUTs, but have enough reasons to stay bearish in the short term. Still looking to see 433 retest.
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Looking at Ichimoku, we see the daily spy is inside the cloud and the leading indicators are representing a bearish twist. Should move to the downside of the cloud before validating bias to the bearish side or not.Note
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I wanted to add the fib extension levels off of the last short uptrend as the 1H has some decent correlation.
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The FIB pitchfork is interesting as well, notice the support turned resistance on the .5 fork. Further support to near term bearish move.
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Interesting looking at MACD on the DXY. I still am expecting a rug pull here on dollar to rally once more...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.