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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