• 760 days Will The ECB Continue To Hike Rates?
  • 761 days Forbes: Aramco Remains Largest Company In The Middle East
  • 762 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,162 days Could Crypto Overtake Traditional Investment?
  • 1,167 days Americans Still Quitting Jobs At Record Pace
  • 1,169 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,172 days Is The Dollar Too Strong?
  • 1,172 days Big Tech Disappoints Investors on Earnings Calls
  • 1,173 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,175 days China Is Quietly Trying To Distance Itself From Russia
  • 1,175 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,179 days Crypto Investors Won Big In 2021
  • 1,179 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,180 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,182 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,183 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,186 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,187 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,187 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,189 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USD Index: The Ending Diagonal Project

On June 27 I posted a potential Ending Diagonal project for the USD Index.

If this count is correct price should be now approaching the bottom of the wave (IV).

So far the internal structure of the assumed wave (IV) of the ED project is corrective but it needs to be completed at a level not lower than in the area of 81.40

USD Index: The Ending Diagonal Project
Larger Image

This pattern is now critical for the SPX scenario that calls the move off the June 4 low as a countertrend wave (B), most likely within a potential Flat EWP, which would imply a move that will head back towards the June lows, while the USD Index completes the ED with the wave (V) up.

 

Back to homepage

Leave a comment

Leave a comment