US dollar (DXY) holds support at the SMA 50
There is a reason I keep an eye on divergences within markets (USD has been one against inflated markets for all of 2021), trends (USD trend is up since January) and support/resistance/moving averages.
Today, even if in microcosm, USD informs us that it is alive and well as of this moment and by extension, a threat to the inflation/reflation sensitive stuff, at least.
For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down). Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.