BREwmaster said:
McInnis 03 said:
Good gap up but audjpy is at LOD, could be head fake
I'm watching DXY/ USD too. It is amazing when it goes up, there's a delay, then SPY dumps, if it drops (like this morning), SPY runs. There's a guy in HP's room that swings SPY calls and puts off DXY. He's been crushing it.
Dollar up, equities cheaper so they drop.
Dollar down, equities more expensive so they rise.
It's really the master key to some simple price action.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3