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Choppy Stock Market Along with Shutdown Fear Mongering
A Shutdown is Coming, Then What?
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Today we will be covering...
Today, we will look at the sentiment of major currencies and at the USD Index (DXY)
It looks like a shutdown is very likely. That is not necessarily bearish for the market. Actually, in most instances I remember the stock market rallied.

Forex – Sentiment
The US Dollar and Japanese Yen have extremely negative sentiment readings, while the Swiss Franc has an extremely positive sentiment reading.
This is not surprising. What is surprising is a neutral sentiment toward the British Pound, given all the economic and political instability in the UK.

US Dollar Index – DXY
We caught the post-FED cut DXY drop exactly for a good 200 pips trading opportunity.
However, despite the negative sentiment on the US Dollar and the bottoming wave formation, the DXY likely has not bottomed yet.
The long-term chart shows that DXY should bottom as per both EW counts, black and red.
An ideal target would be C=A at about 94.5.
We will explore DXY and USDJPY in more detail, including cycles, in the Premium content.

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