• 526 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Boris Chikvashvili

Boris Chikvashvili

Boris Chikvashvili was supposed to be a theoretical physicist (Russia+Jerusalem Hebrew University, MS Physics, with distinction, toyed with QUARKS). Somewhere on the road to PHD…

Contact Author

  1. Home
  2. Markets
  3. Other

It Is The Dollar Stupid! 3

Remember original article It Is The Dollar Stupid 2!?
Ok, here is the research that completes that article.

The graphs depict the matrix of SPX /USDollar-Index for SPX to satisfy the Fibonacci 50% and 62% retrace of the drop from 2000 into 2002.
OK, Please take note at current $Dollar=84.90 we project 1475 on SPX.
If $Dollar moves back up (it really could!) to 87.2 high of few weeks ago then 1440 was it for SPX.
In any case we advised, yes publicly, to sell the indices (for a local/global) top and GOLD for a local top.
This may not be the end, especially for some stocks, but indices could have had it.
Goldman looks like will go to 245 after all and that could happen without SPX's help.

Stay in touch with the http://borisc.blogspot.com, we sold QQQQ at a(hopefully the) top(3c difference) and called few other things right (to say the least).
Are we having fun? To find out what we mean by having fun, please visit our site.

As you are there notice the pinpointing of the market mood change that has been dramatically caught buy our proprietary BUY-SELL PRESSURE (published every day and freely available). You also may know that you can ask any/all questions about any stocks FREE on our site. See you there.

 

Back to homepage

Leave a comment

Leave a comment