Every dog has its day, so perhaps that explains why bowser has been forging higher since mid-July. The pattern shown projects to at least 102.18, but we’ll need to see how bulls handle the resistance before we are able to judge whether the rally will get legs. Judging from the way a hypothetical ‘mechanical’ buy at the red line (p=101.37) took off without probing any lower, DXY appears to be a very strong bet to blow past D=102.18. Speculative call buying is warranted, although I am unable to provide precise guidance ahead of Sunday evening’s opening. ______ UPDATE (Aug 2, 9:19 p.m.): A fresh impulse leg on the hourly chart promises to keep this rally going, presumably to a test of highs near 103.50 recorded in late June and early July.