Dow, Dollar, Crude Oil, Bonds Technical Analysis and Elliott Wave Counts

[devon19210]

interesting move on the dollar friday.. so shorted thursday at 1117 and covered at 1100 on friday - had been planning to hold expecting a move to the lower trend line at ~1088 but on friday indicators seemed to point to upward movement in the short term.. looking forward to your analysis.. thx again for your videos..

[devon19210]

sorry if this is duplicate - i wrote a comment and it didn't post for some reason.. thanks again for your videos - i watch them daily and they are a great help.. question on the inverse correlation between the dollar and the market - it's been true lately and today was a rarity where the dollar ended up and the markets ended flat.. dollar still deep in the downchannel as you showed but am looking for any signal on shorting - ideally looking for s&p around 1124 or so 50%fib retracement to short

[T1systems]

Thank you.

Not sure what your "question" is. Even though there is clearly and a general inverse pattern relationship between stocks and the dollar, I wouldn't look for them to mirror each other tick for tick. Yes, as I said on Nov 30, 1120 or so would be the next target.