DXY – NYBOT Dollar Index (Last:77.49)

Short-sqeeze conditions are likely to obtain today, since DaBoyz were able to engineer a deep swoon that by day’s end left DXY trading close to the spike high fabricated the night before. Shorts will be nervous as a result, and we should look for them to propel the dollar higher: most immediately to a minor Hidden Pivot at 77.65, but to another at 77.85 if any higher.  A print at the latter number would be impulsive on the 30-minute chart, and therefore presumably sufficient to keep the rally going for at least another day.