DXY – NYBOT Dollar Index (Last:82.71)

Dollar bears seem to be growing bolder these days, so let me reaffirm my bullishness. Notice in the accompanying chart that each new upthrust since early February has ‘refreshed’ the bullish energy of the rally by creating an unbroken series of new impulse legs.  This is not only how robust rallies signal more of the same, it is also how they provide tradable opportunities for us in the form of impulsive A-B legs that give rise to ‘x’ entry signals. In the chart shown, the current pattern looks capable of delivering sufficient thrust to get DXY to a test of August’s 83.51 high.