Last week’s breakout from an impacted consolidation zone that was in its tenth month brought greater clarity to a big-picture pattern projecting to as high as 124.72. DXY could still fool us with a swoon beneath July’s 99.59 low, but this seems most unlikely, given that the dollar has finally caught the scent of a central bank crisis looming in the not-too-distant future.  The picture is so grim for the ECB, which issued trillions of euros in snide carrying negative rates, that the Fed is certain to come out on top. That means the dollar will, too, even though the debt deflationary this will produce is an unwanted outcome, especially by Europe. Perhaps they should start gathering firewood now, since there are going to be many cold winters in the future if fuel must be purchased from their good friends Russia and Iran. ______ UPDATE (Oct 20): An imminent close above the green line for a second consecutive month would make p=112.16 our minimum upside target for the near term.