DXY – NYBOT Dollar Index (Last:75.23)

The rally continues to impress the pivot-trained eye with its feebleness, but that doesn’t rule out the possibility that DXY is primed to leap opportunistically with each new morsel of bearish financial news that comes dribbling out of Europe or Standard & Poors. In any event, I’m going to slightly revise my numbers, stipulating now that the leap surpass 76.61 (vs. 76.43 given here earlier) to signal a bullish event with a valid claim on our attention. _______ UPDATE (1:06 p.m. EDT):  Today’s strong thrust projects to at least 75.62, but if DXY settles above that number we should expect a renewed burst to a minimum 76.75 (!).