⚠️Wall Street Week Ahead: *Stocks Set To Resume Corrective Rally On Technicals 👉 $DIA $SPY $QQQ $IWM $VIX
Given that a stronger dollar hurts American exports and foreign investments, there's reason to believe that a stronger dollar for the first three weeks weighed on equities and the weak dollar last week relieved that pressure.
The following study of support and resistance I show you will probably represent the first time I have used it since the beginning of writing this column five and a half years and 2,313 articles ago - the Fibonacci indicator. I don't incorporate it into my analysis because I don't understand it. This mathematical sequence is found in many aspects of nature, and technicians, therefore, expect that it will also impact humans.