Tom DeMark says technical indicators are flashing downside risks to stocks. Here’s what he says about the euro and bitcoin.
The U.S. dollar has been a wrecking ball through financial markets, to the point where there’s now speculation global authorities may try to cooperate to stop the greenback’s ascent.
But maybe they won’t need to.
Famed technical analyst Tom DeMark, whose indicators are designed for anticipating turning points and overextended price moves, said the euro EURUSD on Monday recorded its first indication of likely daily down trend exhaustion 13 in months.