$ Indec has clearly taken monthly month trend line support and slowly moving up.
Its could be just technical move and i am not aware of any reason for US dollar and this index to move up. Only solution for US Govt to stop shut down is only lifting limit and print more fiat currency. After the news flow mostly it will coincide with fib level and US will announce printing of more fiat currency. I still think its long time bearish view only and short term could be bullish till it reaches the point to fall down again.
Its could be just technical move and i am not aware of any reason for US dollar and this index to move up. Only solution for US Govt to stop shut down is only lifting limit and print more fiat currency. After the news flow mostly it will coincide with fib level and US will announce printing of more fiat currency. I still think its long time bearish view only and short term could be bullish till it reaches the point to fall down again.
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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.