Dollar and Stocks – March 22, 2023

Today, monitor and watch – CLOSELY the BUY PATTERN on the US Dollar Index. That level is in/around 102.50-102.70. As you can see below, I have INVERTED the NYSE Index to give a flavor for the pivots in the equities and how they correspond to the US Dollar.

From the perspective of the S&P 500, let’s see what happens at the opening … if we take out the 3956 handle then moves to the upper two targets shown below are realistic …

Watch the dollar pattern today.