From the Desk of Ian Culley @IanCulley
“Buy stocks if the US Dollar Index $DXY trades below 105!”
Simple and straightforward. That was our roadmap back in early March.
Now, almost three months later, the dollar is putting that strategy to the test as it approaches 105 from below.
That multi-month consolidation with “continuation pattern” written all over it never continued lower.
Instead, the dollar index has chopped sideways within a tight range for almost six months. And the evidence is beginning to support a possible upside resolution…