SEIIV4L Whisper: DXY Oct, 24 TA/TC

Date: 11/2/2024

Price: $104.317

Analysis:

Trend Analysis:

• Bullish trend varied and high volatility

• Bull's uptrend slow and risky, stronger @bottom structure around @(104.003)

• MACD @ oversold levels and histogram signaling dying bullish momentum

Structure:

• momentum varied and unsustainable @round mid incline levels @104.143 - 104.281

• bullish trend has stability at base of trend @round (104.003)

• historical data shows low momentum for this area , then sellers trend starts to attract more attention due to stability of price action

Support & Resistance Levels:

• Resistance: 106.001, 105.586, 105.148

• Support: 104.209, 103.851, 103.470

Crossovers & Moving Averages:

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Risk Management:

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News & Events:

• DXY news will cause uncertainty due to complexity of elections

• current state of market according to trend analysis, structure, and economic data market volatility will be varied(unstable)

• economic calendar shows favorability in stocks

update - week of: 11/24/24

• employee payment & U.S. GDp expected to up hold bull side of US Dollar

• Stocks expected to retrace *(buy lower lows)

• manufacturing securities seem to be lacking

• Durable goods securities seem to be lacking

Scenario Analysis:

update - week of: 11/24/24

• Take buys on US Dollar after short significant decline (this defined buy (higher short price swings)

• Buy SPX @ weakened bearish trend expect prices to incline moreover than decline may cause price bouncing.

Objective & Targets:

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YOLO:

Entry Point:

Exit Point:

Today's rule: