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Strategies & Market Trends : News Links and Chart Links

SPXL 222.70

+1.6%

Nov 28 4:00 PM EST

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From: Les H	11/19/2022 9:16:57 AM
	of 29601

Since the US Dollar has been a driver of equities, the US Dollar index (DXY) recorded a TD Buy Setup @9 on Wednesday, November 16th just above the daily and weekly TDST Support level at 105.552. This type of price action should be expected, and if the next move is lower below 105.552, this places equites on an easier path higher as the DXY initiates a new TD Buy Setup count and laterals the previous TD Buy Setup to TD Buy Countdown. That scenario is bullish for equities. tradetrekker.wordpress.com

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