With yesterday’s seemingly tireless rally, the Dollar Index pushed past a third prior peak on the daily chart without having paused for breath.  This created an ostensibly bullish impulse leg; however, for the time being I will treat it as a trap rather than as technical evidence that pigs can fly.  From here it will take a stiff pullback to terminate the impulse leg, given the dramatic length of the k-A segment.  In any event, we’ll move to the sidelines, whence we can judge the dollar’s prospects with cool detachment.