DXY is in a large expanding megaphone pattern. If it holds true, top out and some relief comes in around 114 ( BLUE BOX )
Historically, when 200 MA is tested on weekly frame, it bounces. IM looking for this bounce- retest- lose 200- bearish retest- continuation to downside.
looking for something this to play out over weekend.
my favorite two MA on higher frame tell a good story. Prepare to sweep lows.
ascending channel well intact, SPX looks to have more upside too.
My long target remains in 30s, but first , a gifted pull back for buying.
looks like we will sweep lows. $18,600 current target