DXY – NYBOT Dollar Index (Last:109.10)

The dollar’s feisty move last week past p=107.46 has all but guaranteed more upside to the D target at 110.27 over the next 5-7 days.  Don’t miss an opportunity to get long ‘mechanically’ on an unexpected swoon to x=106.06.  The rally has also shortened the odds of a further leap to the 113.16 target of this compelling, far larger pattern on the weekly chart, one you’ve seen before. Although I’ve expected the bull market to test highs near 120 for many years, a substantial correction from 113.16 seems likely first. ______ UPDATE (Sep 8, 10:45 p.m.): DXY is correcting hard after topping a half-point above the 110.27 Hidden Pivot target noted in the original tout. Now let’s see if the ‘‘D’ retracement target at 108.78 holds. It looks certain to be reached.