Friday, October 8, 2021

#Dollar Index Review $UUP $UDX

US Dollar Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to long-term trends, it does not define them. The focus on short-term noise rather than trends, a source of confusion for the majority of investors, leads to the creation of bag holders at major trend transitions.

The US Dollar Index's overall trend, revealed by trends of price, leverage, and time, are defined in The Matrix for subscribers.

Subscriber Comments

Bitcoin and the US Dollar Index jumped the creek of resistance at roughly the same time. Bitcoin's bullish breakout has been the topic of discussion on the Internet.  Please remember that the Matrix via Tony Stark's GIF turned bullish 10/05 Bitcoin Review before price jumped the creek.  Early cycle Trip Up was a powerful combination.

With that said, let's not forget that the US Dollar Index's setup, while not 100% identical, is similar. It's also leading Bitcoin breakout by roughly a week. The computer recognizes it not only as a Triple Up but also primary trend Flip (F).  The primary trend flipped up on 10/01/21. Early cycle Trip Up as the primary trend flips is even more bullish. Here's the good part, the dollar's breakout has been meet with crickets across the Internet.  It's almost as if the Internet doesn't talk about it, it doesn't exist. The invisible hand does read this website, or comb through Reddit message boards. It doesn't care what we think.

A rally in the US Dollar will destabilize dollar denominated debt held outside the US. That's a problem. Perhaps the slow roll over in the Nasdaq 100 suggests more trouble ahead.

Bitcoin vs US Dollar

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