The Dollar Index looks to be developing thrust for another run at 80, a prospect that would become an odds-on bet if buyers can propel this vehicle above the 77.62 midpoint resistance shown. Because that Hidden Pivot it is sandwiched between two external peaks, a pullback thereof could provide excellent cover for a camouflage long. The target would be 78.53, the midpoint’s ‘D’ sibling. _______ UPDATE (November 18): Yesterday’s high came within a few ticks of the target noted above. Let’s prepare for more upside with a new one at 79.47 (Daily chart, A=74.72 on October 27 and B=77.68.) Please note that a stall at 77.89 would validate a bigger-picture target at 81.03, although that number would not become an odds-on bet until such time as 77.89, the Hidden Pivot midpoint of A=73.53 (8/29), B=79.84, is surpassed.
