claydoctor

CAT v DXY

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NYSE:CAT   Caterpillar
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Every time CAT reaches the overbought money flow region it declines. Also, noting a funky head and shoulders pattern at each previous low, indicates the thinking of the big money. Dollar up Cat down, see the chart. And IMO world currencies are doing their level best at deflating their own, result, they are ganging up on the dollar, or the dollar, our weak international currency position, just goes up and up, hurting markets. DXY forming a leap out of the range, and trending up short term at least. IF Brexit news keeps up, pound will weaken even further, stressing euro economy and banks. British govt knows it, fears it, and is trying to compromise what the people voted for, could result in unrest of those you voted for it. Blue vertical line is the us election, have this on all my charts. Possible down to lower trend line of channel until nov 8th, and then???
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