andy_moss
4y ago
I write about charts & trading | Chartered Market Technician, pro trader, 22+ yrs Wall St. experience | simplifying technical analysis | not investment advice
Monday markets - how'd we start?
Not great. I'll sum it up with just a few charts.
$SPY - apparently people were watching the 200-day MA.
$QQQ back under the trendline
$VIX up
$DXY Dollar up
I've got to agree with @allstarcharts here. A rising Dollar is a headwind for stocks. Without some relief, it will be harder for stocks to get back to highs. After 8 strong days maybe there will be some resistance at recent highs.
Maybe.
https://twitter.com/allstarcharts/status/1561677746769649670