DXY – NYBOT Dollar Index (Last:102.01)

I’m not a big believer in this rally, so I’ve used a modest pattern to project a potentially important top in the uptrend, now three weeks old. It is slightly lower than a 103.50 projection given here earlier that was related to some previous highs. I’d suggest shorting at D=103.24, but there may be a ‘mechanical’ buying opportunity first at x=100.50. If it sets up correctly with a low-risk, reverse-pattern trigger, plan on a one-level ride but no more.