DXY is breaking out up above 100. So far posts from October - both massively bullish - are playing out.
10/6: "$USD has quietly consolidated for quite a while. If you paid attention to $USD strength then gold or GDX shorts were the easy call, especially when they opened below Q4Ps and were below OctPs as well. Anyway, my main point here is that just because $USD has been sideways since 3/2015 doesn't mean the rally is over. It is entirely possible that DXY breaks out above in months to come and this could, along with rising interest rates, be the next big move in markets. This would probably put a lid on USA indexes, even if rising interest rates support financials."
10/22: "All systems go for $DXY on every chart below - quarterly, monthly, weekly on other technicals, then weekly on long term pivots, daily on all pivots, and a last daily pivots & technicals chart. While I think it has potential to go substantially higher long term - let's say breakout above 100 - near term expect to see 99.18-88. Continued $USD strength will cap upside in USA stocks, especially INDU, and could pressure the popular emerging markets trade as well."
Even though this hasn't limited INDU upside yet, at some point it will, and what the market has already realized is USA small caps and financials are the only place to be. Now later, we may have risk off if rates and thus $USD goes too far too fast, but let's not get ahead of things.
DXY Q
Heading towards a big 61% level from 2001 top to 2008 low at 101.70. This chart looks fantastic, and I think we will see much higher than that.
DXY M
Going for highs and the 100 area likely turning into support.
DXY W
Recent launch from 2HP and YP has already reached 2HR1. YR1 by year end?
DXY D
11/9 was the entry (or hold) bar - test and hold above 3 pivots, above all pivots, above all MAs. Now fully overbought, but currencies of all markets tend to stick in trends more than stocks.