All of yesterday’s gratuitous chop took place beneath a not-very-initimidating peak recorded on St. Patrick’s Day, casting doubt on buyers’ resolve — the moreso because they had the wind at their backs from the central banks’ interventions against the yen. I’m inclined to write off any seeming strength in the dollar as a flash-in-the-pan, but we should nonetheless remain open-minded to the possibility of a modest pop above 76.46 that would reinvigorate the hourly chart.