DXY Golden Cross = Sideways or Bullish NQ for the week 9/25/23
Thesis: When an asset hits a golden cross it usually makes a correction (1 wk or 2) before it continues to go higher. With this in mind....
I'm expecting DXY to rally to 105.882 and grab liquidity there. IF this happend, then we should see a pullback and consolidation at lower prices. In a bullish case, NQ would go lower at the beginning of the week to it's 4 HR Fair Value Gap and Weekly Volume Imbalance. Then rally Wed/Thursday - Friday being a minor correction of the move.
I'm expecting DXY to rally to 105.882 and grab liquidity there. IF this happend, then we should see a pullback and consolidation at lower prices. In a bullish case, NQ would go lower at the beginning of the week to it's 4 HR Fair Value Gap and Weekly Volume Imbalance. Then rally Wed/Thursday - Friday being a minor correction of the move.