After feinting lower on the opening Friday, DXY trampolined powerfully, getting a running start at the first of two resistance peaks it will need to surpass to kick off a decent technical rally.  The accompanying chart shows the peaks in the perspective of the daily chart, and the rally past them would need to be unpaused once the Dollar Index crosses the “starting line” represented by the lower of the two.  However, if the rally dies somewhere between the peaks, then pulls back for a successful surge past the second, that would diminish the implied strength and probable longevity of the bull cycle (assuming it goes far enough to qualify as such). It does not bode well for bulls that the most recent ABCD downtrend achieved the 76.15 target I’d flagged with a tick to spare.  That’s because strong bull trends, even incipient ones, typically produce pullback abc’s that go no further than their c-d midpoints.