The rally has stalled exactly at the midpoint Hidden Pivot shown, but if it gives way easily on Tuesday, that would likely  energize bulls for a push to the 95.22 target at the top of the chart. Traders could try getting long ‘mechanically’ with a bid at the red line, stop 93.93, after it has been exceeded by about 13 cents for three consecutive bars (on the 30-minute chart). I’ve sketched this hypothetically for your guidance, but you’ll need to interpolate the change in time frames.

The bigger picture remains bearish and won’t change until such time as an upthrust exceeds 96.40. That would become more likely if the current move blows past 95.22 on the first try. The next few days will be crucial for precious metals in any event, since the dollar’s strength over the last six days has weighed heavily on bullion. ______ UPDATE (May 10, 10:15 p.m. ET): DXY pushed slightly past red-line resistance but couldn’t hold the gain. Look for another attempt on Wednesday. _________ UPDATE (May 11, 6:14 p.m.): The dollar turned weak, but not very. It would take a print at 93.55 to hint of more weakness ahead, and a breach of 92.73, a midpoint Hidden Pivot support, to suggest that it might be seroious. ________ UPDATE (May 13, 3:09 a.m. EDT): Thursday’s bullish reversal put the Dollar Index on course for a run-up over the near term to 94.76. That is the ‘D’ target of this pattern on the 15-minute chart: A=93.28 on 5/6; B=94.35 on 5/10; and C=93.68.