Market Update Sep 28 4:30 PM EDT (Text Update from Marty)
Added 2022-09-28 22:14:16 +0000 UTCGood afternoon
My 48-hour timeline from Monday night's session is here and as promised, we did get our correction in the DXY (USD) right on schedule.
We hit 115 this morning on the nose (114.80 ) and we are currently down 150 pts at 112.60
From here I expect a couple of sessions more in this correction. Support levels are at approx 112, 110, and 108.
I expect we will see renewed strength in the very near future but for now, let's enjoy this check back
Of course, you all know this correction means a bounce in the S&P, Gold, Silver, commodities, and even Cryptos
We will do an update on Sunday this week as I feel we may see a bottom as early as Monday and do not want to miss the bottom.
The charts may look entirely different at that time.
Have a great day
Martee
