[Technical-Investor] USD index update

 

Golden Cross of 50/200 MA around the corner. 50% Retracement level breached on the upside.

Once the golden crossover happens...the momentum will increase.

On a side-note = All this augers well for IT companies in India. But then again, i am not sure what kinda hedges they have entered into.

With beaten down stock prices, if i had to buy something in this mkt... i would be betting on IT.

Note: Weekly chart.

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