As many of my followers know, I use chart patterns and momentum to help make market timing decisions.
To illustrate, look at the chart of the US Dollar Index that is featured above.
As a result of the Fed raising interest rates to fight inflation, the US Dollar Index has risen 15% in the last six months.
Why is this Happening?
It’s because the US Dollar gets stronger when rates are rising – and weaker when rates are falling.
As proof, the well-established uptrend in the US Dollar Index shown above distinctly reflects this correlation.
Buying the Dip
Thus, when the USD Index sold off after a big up move during the two weeks prior, I used momentum analysis to time the market and “buy the dip” on September 4, 2022.
Based on historical probabilities, the odds of making money were in my favor for buying the USD Index on Tuesday – and that’s why I did it.
Markets are markets folks – and you can employ the same kind of disciplined methodology to help you time real estate markets.