Last week’s five-day stall just shy of a crucial ‘external’ peak at 105.63 recorded on January 6 is not a healthy sign. I’ve labeled it ‘ominous’ in the chart, although we should probably give bulls the benefit of the doubt for at least another week while they regroup. Perhaps it will take a pullback and a running start to clear the structural hurdle? If so, the retracement had better not exceed the 102.59 low recorded on February 14, since that would turn the daily chart decisively bearish and shorten the odds of a fall to 100.55, a Hidden Pivot target that is already theoretically in play. _______ UPDATE (Mar 7, 5:08 p.m.): Har-har. Markets act so predictably like fun-house mirrors that we shouldn’t be even slightly surprised that today’s psychotic leap from lugubriousness exceeded my 105.63 benchmark by a whopping two cents. Tuppence is plenty enough for us to focus once again on the bullish case, since the rally created an undeniable, unmistakable impulse leg on the daily chart. Let’s see DXY can get past the next impediment, a voodoo number at 106.42.