Dollar Index (78.00)

The trajectory of the pattern shown in the inset looks unsustainable, but we’ll have more evidence by which to judge it if and when the rally reaches 79.07, a midpoint pivot corresponding to a ‘D’ target at 82.12. A stall within 2-4 ticks of that number would validate the target itself, and a subsequent move above it would telegraph a finishing stroke to 82.12.