I charted DXY fresh, starting quarterly on the max time frame. Notice how price broke the red downtrend line and is now following the green uptrend line. It broke the strong resistance line in dark green on the weekly and appears to be back-testing it to confirm it as support; this is the line above which I said DXY was bullish. On the 4-hour, note the likely falling wedge RIGHT into support! If I'm analyzing this right, DXY is probably headed to at least 120 in the coming years, and unlikely to go below 97 again for a long time.Derpy Trades
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Derpy Trades
OP103217985
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That is a deeply personal situation and I am not a financial advisor so I can't offer suggestions. Personally, I have already moved a decent percentage of my retirement portfolio into money market funds and a small percentage into a shorter dated bond fund, leaving the rest in the market. If the market rallies from here I will miss out on some of that rally, but if it tanks I will have a decent amount of capital to buy the dip.
Derpy Trades OP : Ugh, I wish Moomoo would warn me that my post failed to post successfully. I actually shared this yesterday...
EZ_money Derpy Trades OP : it does for me but i usually get banned on a daily basis
Derpy Trades OP EZ_money : Maybe I need to check my settings then, lol.
EZ_money : are you using moomoo for forex?
Derpy Trades OP EZ_money : Nope, but DXY has a very strong effect on multiple markets so I keep a close eye on it.
EZ_money Derpy Trades OP : ahh yes i see....
markets been acting a little different since Trump but yes accurate information
Derpy Trades OP EZ_money : For sure. I've come to the point where I believe trading without watching DXY is like trading blind.
103217985 : How do you suggest allocating cash, bonds, and stocks in the next six months?
Derpy Trades OP 103217985 : That is a deeply personal situation and I am not a financial advisor so I can't offer suggestions. Personally, I have already moved a decent percentage of my retirement portfolio into money market funds and a small percentage into a shorter dated bond fund, leaving the rest in the market. If the market rallies from here I will miss out on some of that rally, but if it tanks I will have a decent amount of capital to buy the dip.