USD (DX)_ The direction of the dollar affect almost all markets.
Weekly – Trade pressures remain up. But volume has turned neutral in these last three weeks, perhaps signaling some distribution. A close below 94.22 would signal a change lower.
Daily – is in the short trade after a close below 94.33. The next target down is 91.85. Stops at the highs. Trade pressures are down. Volume has been bearish for two days.
30 YR T-BONDS_ Interest rates are supporting the higher PE’s of the various market sectors. A change will cause a market reset.
Weekly – the weekly short entry has been met and confirms the daily trade. Trade pressures are still up but turning down. Volume has turned bearish these last two weeks. The weekly target down is 140-08.
Daily – in the short trade from 150-01 to the first target of 147-03. At that target. Next target down is 144-04. Trade pressures are down. Volume is bearish.
A close above 148-19 would signal higher.