03/07 Indices, page-3

Just an update to my dxy chart

7 attempts on the daily chart in June, for the dxy to try break back out, before eventually failing
Dxy has now had 2 attempts at the same red line
Still holding the ema & hasn't rolled over yet
Still hope for bears for a correction soon

Breaching that first support line & the rally can continue through to august
(September correction)

Breaking the 2nd support line & I have nothing below until the end of year (will need to make a new support line)
Then we look at a December correction

For a US rally to continue to the end of the year, cash needs to keep moving over to markets (Australian cash is safely under their beds or locked into term deposits, so it'll be a great time for the xjo to really take off after tomo)

Any breach of the red line & I'll expect some sort of correction in US markets

US markets ony need to hold up there for as long as possible for the rest of the world to play catch up before the next major correction