DXY – NYBOT Dollar Index (Last:77.83)

NYBOT Dollar Index (DXY) price chart with targetsWith a thrust this week exceeding 78.70, DXY has the potential to create a robustly bullish impulse leg of daily-chart degree.  Assuming the rally eventually gets past that number, even though it wouldn’t necessarily be a paradigm-changer, it would generate a bullish event that we could ill afford to ignore, much less disdain.